Seafront land still popular
CYCLONE Yasi and its aftermath has failed to dampen the confidence of buyers looking for sea front land.
PRDnationwide Townsville director Paul Bow said the agency had sold three blocks of land for almost $ 2 million in the past few weeks, two of them prominent seafront sides.
He said a beachfront site on the Esplanade at Picnic Bay was sold to a Melbourne buyer for just under $ 500,000, while a waterfront site on The Strand was under contract for just under $ 1 million. A 13,000sq m parcel at Mount Louisa had sold for just under $ 480,000.
‘‘ I think what we are seeing is the top end of the land market starting to come back to life. I think consumer confidence is coming back.’’