Mary Valley property sales see $11 million of transactions this year

Mary Valley property sales see $11 million of transactions this year
Mary Valley property sales see $11 million of transactions this year

Mary Valley, the Queensland area that saw its Economic Development Strategy launched in July 2012, has seen 48 purchases in the last six weeks and $11.67 million sales over 2014 so far.

Selling properties here has previously been noted as a crucial step for the revival of the Mary Valley area.

In total over 2014, there have been 109 sales in the area, explained Deputy Premier and Minister for State Development, Infrastructure and Planning, Jeff Seeney. This is 50% faster than 2013.

“We hoped to crack a century of sales in the first five months of this year and we achieved this aim. It’s an impressive record given last year 98 sales were made over the entire year,” Seeney said.

“Our government’s Mary Valley revitalisation strategy has provided an affordable opportunity for Queenslanders to enter the housing market, with 48 of the 109 sales made by existing tenants of the properties.”

The average property price purchase was $248,300. Price ranges vary from a vacant piece of land at $71,000 to $590,000 for a large rural site.

In 2012, 13 properties were sold.

“There has also been strong interest in eight properties that have been heavily discounted as they are being offered with tenants on long-term leases,” Seeney said.

“Selling agent Oliver Hume received 15 expressions of interest in the eight properties within two weeks of their release.”

Among the properties currently listed for sale in the Mary Valley is the 30 acre grazing farm at 3435 Mary Valley Road, Imbil (pictured above).

The property has been listed for $450,000 plus through Ron Jeffery of Assest Agents.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Tags: 
Queensland Rural

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