BIGGENDEN'S days as a sleepy country town may soon be a thing of the past, as the local real estate market experiences one of its biggest booms in years.
Located below the rugged cliffs of Mount Walsh, an hour's drive west of Maryborough, the proud agricultural town of Biggenden has a population of about 900 people.
But that number is on the rise thanks to recent economic growth, historically low interest rates and well-priced housing.
“There have been some really good opportunities for buyers in Biggenden,” Burnett Livestock and Realty's Jess Hollier said.
“Most of the three bedroom homes are under $200,000 and the cheapest block of land in town is 600 square metres for $55,000.”
Ms Hollier this week confirmed her number one position in the Biggenden real estate market for the third month in a row, with sales in excess of $1 million since August.
She said property interest and demand peaked around this time each year – and local agents were well prepared for an increase in inspections from buyers in the coming months.
“This is a great time to showcase properties in the local area as buyer interest in very high in January.
“That's because buyers often holiday in the region around this time and have time to inspect local properties.
“We also expect to see the market re-energised following the construction of the new hospital and the redevelopment of the local IGA.”
Primary production – mainly beef and dairy – is the most significant industry in the Biggenden region. Just recently, the Biggenden Saleyards was named in the top 10 in Queensland.
As well as picturesque mountain ranges and tourist attractions such as Paradise Dam and Coongarra Rock, Biggenden is home to a school, kindy, bakery, two pubs, a motel, a service station, grocer, butcher, newsagent, post office, florist, hardware and cafe.
“It's a very affordable area,” Ms Hollier said. “Most of our buyers have been retirees and people from down south looking for a tree change. We haven't seen a great influx of families but, because the real estate is so affordable, it's only a matter of time before that changes.”
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