Our region is a-buzz!
The state government Budget’s measures targeting Bundaberg and the Wide Bay region will bring a welcome boost to this market, creating jobs and stability for the region. More than $660 million has been allocated to projects throughout this region, and will boost the gas pipeline, hospital and emergency services. Antonia Mercorella from the REIQ has said the lift and stability this will bring to the employment market will create a demand for rental accommodation.
There are new businesses coming to town like Super Amart and Pillowtalk to name a couple and work is well under way on the highly anticipated Masters hardware megastore. This activity may give the community a little more confidence that our area IS an area of growth and progress and the employment opportunities that are on the horizon is really fantastic news for everyone.
Excitingly the Bundaberg Regional Council has approved an application to operate guided tours in Bargara using Segways, these tours would have an eco-tourism focus. The main tour would start and finish at the Neilson Park Sports Oval, near the tennis courts, and follow the coastal pathways to take in the Barolin Nature Reserve, Mon Repos turtle conservation area, Kanaka Walls and coastal areas. This may certainly become a must ‘to do’ when living or visiting here along with the forever popular Mon Repos turtle tours and now the highly anticipated Lady Musgrave tours which have recently commenced from here and will surely be a major tourist stimulant.
If you haven’t visited Bargara in a while the roundabout is near completion at the Causeway / Woongarra Scenic Drive intersection, the intersection was being upgraded to improve safety for motorists and pedestrians as well as catering for future increased traffic volumes due to the growth being experienced in the coastal region.
It has been reported that the old IGA site at the Bargara shopping centre is undergoing renovations in preparation for a new tenant, everyone remains tight-lipped on who the tenant is but it really doesn’t matter. It’s just great to see the vacant space won’t be so for much longer!
We’re almost through our winter now and with all this action this may just be our best summer yet for tourism and our economy… we can’t wait!
Happy days everyone, local and loving it!
R&W Bargara | 26th August, 2015
Is there a change in the market?
Maybe! In the last 6 weeks we have had over half a dozen occasions of multiple offers on properties. Multiple offer scenario’s generally occur for various reasons and happen now and again, but this amount reflects a definite increase in buyer activity and confidence in our local market.
Interest has been across the board for houses and land but we have seen a spiked increase in unit sales which is very refreshing as unit sales have been relatively stagnant for a fair few years now. Price ranges have been across the board as well right from $250,000-550,000. We’re still getting interest at the higher end range but this is a slightly smaller buying pool.
The recent activity has really bucked the trend of a quietened period which usually occurs around the end of the financial year time. The precedence was set early for us though as over the last 100 days we’ve sold over $10 million in property with no signs of slowing down!
It’s exciting to know that bricks and mortar are still a solid form of investment. Although there have been some stimulating developments approved for our area lately, these days with what is happening politically and financially, both nationally and internationally, we all need to be in control of our own financial futures. If you are looking for some general advice about buying, selling or renting, we are here to support you with market information to base your decisions on.
Living Local and Loving it!
R&W Bargara | 3rd August, 2015