Zach Reid from First National Real Estate Atherton . PIC: Supplied
Land has been “flying off the shelves” in the Tablelands with real estate agents explaining sales were being driven by government money available to build a new home.
Zach Reid from First National Real Estate Atherton said that, during the past month, land sales had taken up “a reasonable percentage” of business with blocks that have been on the market for years suddenly snapped up.
“Land has traditionally been hard to sell in the Tablelands and, as an example, the blocks at Sunset Ridge have been available for two years with only one of the 11 sold in the first 18 months,” he said.
Land for sale. PIC: Darren Leigh Roberts
“In the past three months nine have sold – it would have been all 10 but a contract fell apart due to finance – and we’re seeing that in the other parts of Atherton. As the land is selling we’re seeing people pushing out further to take advantage of the grants.”
Mr Reid said it was predominantly first-home owners taking advantage of the $45,000 in grants established to stimulate local economies.
Aurelia Rogato from Rogato Real Estate said her Mareeba office “had never seen so much action” with land sales.
“There’s interest from first-home owners because receiving $45,000 from the government is unprecedented,” she said.
“The estates are very popular but even the five-acre blocks are getting a lot of interest, out in places like Rodeo Acres where the land starts at $219,000.”
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