Values rising in the Mary Valley

The appetite for property in the Mary Valley is stronger than ever with a century of sales made this year and properties often selling for more than their listed sales prices.

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney said a dozen rural residential properties were expected to go under contract this week for more than their listed sale prices after residents and investors made 79 expressions of interest.

“Our strong plan for the Mary Valley has caused a real turn around, with more than a century of sales being made so far this year and potential buyers offering more than the listed sale prices,” Mr Seeney said.

“Among them is a five bedroom house on two hectares in Carters Ridge which attracted 14 expressions of interest alone and sold for $240,000 after being listed for $190,000.

“Buyers will have another chance to invest in the Mary Valley when 11 new properties are released for sale today.

“Our government’s Mary Valley revitalisation strategy has delivered on our election promise to provide better planning and has offered an affordable opportunity for Queenslanders to enter the housing market.

“In two years we have raised more than $27 million in revenue from selling off properties purchased by the former Labor Government for its failed Traveston Dam project.

“We have a strong plan for a brighter future for the Mary Valley and it’s great to see the community being revitalised with new residents and businesses calling the area home.”
 
The new 11 properties up for sale (listed below) include four heavily discounted properties encumbered by long term leases, a selection of freehold rural residential and township houses and two commercial properties – an established tourism venture known as Cabins by the Creek and shops at Carters Ridge.

“Cabins by the Creek features a three bedroom house, a two bedroom unit and four cabins on 6.6 hectares fronting Yabba Creek at Imbil,” he said.

“The property also features 1,500 organic mandarin trees and 500 organic olive trees.

“I anticipate Cabins by the Creek will be one of the most sought after properties in this group as it offers the best of the Mary Valley – a waterfront property and business in a great location.”

More than 250 of the 480 properties acquired by Labor for the failed Traveston Dam project have been settled. Another 102 properties are either under contract or under negotiation as part of economic development initiatives, leaving little more than 100 properties still to be progressively released over the remainder of the year. 

For more information visit http://www.maryvalleyproperty.com/maryvalley/

[ENDS] 18 June 2014

Media Contact: Jane Paterson 0417 281 754 or Elizabeth Spry 0418 928 744

**Editor's note new properties for sale below