OCEAN­FRONT PROJECT NEARS COM­PLE­TION

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WEST Aus­tralian in­vestors have swooped on some of the last re­main­ing apart­ments in Yep­poon’s $35 mil­lion Oshen de­vel­op­ment as the ocean­front project nears com­ple­tion.

De­vel­oper Con­cept Liv­ing Prop­er­ties (CLP) has chalked up $4.5m in sales in the past three months, in­clud­ing five sales to the tune of $2.1m made to re­sources-in­dus­try work­ers from Western Aus­tralia.

Project mar­ket­ing agent Ross O’Reilly said the buy­ers had all wit­nessed prop­erty val­ues grow in their own min­ing in­dus­try­driven home towns and saw sig­nif­i­cant growth po­ten­tial in cen­tral Queens­land.

He said they saw strength in the re­gion’s broad­based econ­omy, driven by mul­ti­ple pil­lars of growth, in­clud­ing re­sources, tourism, ed­u­ca­tion, con­struc­tion, armed forces and agri­cul­tural sec­tors.

“As­tute in­vestors have iden­ti­fied tremen­dous up­side in the re­gion and this has gal­vanised them into ac­tion,” Mr O’Reilly said.

“A host of ma­jor projects, in­clud­ing the $600m re­de­vel­op­ment of Great Kep­pel Is­land, has shone the spot­light on the re­gion and greatly en­hanced its na­tional pro­file.”

Mr O’Reilly said the lack of qual­ity ac­com­mo­da­tion in sought-af­ter ar­eas such as the Capricorn Coast had re­in­forced many in­vestors’ de­ci­sion to move for­ward with a pur­chase.

“The Capricorn Coast has, for some time, been faced with a lack of stock com­ing online to meet the de­mands of the re­gion’s rapidly grow­ing pop­u­la­tion,” Mr O’Reilly said.

“In Yep­poon, the pop­u­la­tion is ris­ing at a rate of 3.8 per cent an­nu­ally, dou­ble the Queens­land av­er­age.

“Sales at Oshen have been greatly helped along by the fact it has been the first apart­ment project to come out of the ground in Yep­poon since 2009.

“Nowthat the build­ing is ris­ing, buy­ers know the project will be de­liv­ered and they have the cer­tainty of a fixed con­struc­tion time­line.”

The re­cent sales run in­cluded a mix of one, two and three­bed­room apart­ments, all with sweep­ing ocean views to Great Kep­pel Is­land and be­yond.

The in­flux of re­sources-in­dus­try in­vestors at Oshen fol­lows the an­nounce­ment Cen­tral Queens­land Univer­sity will merge with Cen­tral Queens­land TAFE in Jan­uary next year.

The move means ac­cess to qual­i­fi­ca­tions and fur­ther study for re­sources-sec­tor­work­ers in the re­gion will be­come more read­ily avail­able.

With Oshen’s sales tally now more than $24m, only lim­ited one, two and three-bed­room apart­ments re­main, with onebed­room apart­ments from $329,000 and two-bed­room op­tions from$589,000.

When com­plete, Oshen will fea­ture busi­ness fa­cil­i­ties, as well as a pool, bar­be­cue area and on-site man­age­ment.

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