Demand for Bay land high
HIGH demand on the part of Fraser Coast house hunters has prompted a NSW builder to launch stages one and two of a Hervey Bay development at the same time.
The Monarch Investments Group plans to develop a 47-lot subdivision on a 22-hectare site between Doolong South and Gilston roads in Wondunna.
“There is a shortage of high quality, affordably priced large residential land lots in the Hervey Bay area,” sales agent for Gilston Estate and Advantage One Real Estate in Hervey Bay, Doug Hastings, said.
He said that Monarch was well positioned to take advantage of the “under supply” and that local buyers had strongly supported the project.
Ten of the 32 large land lots available at Gilston Estate had already been sold prior to the official launch.
“Young couples, families and retirees have been drawn to the size and width of land lots, flat contours, inclusion of sewerage, confined size of the subdivision and its location backing onto a nature reserve.”
Monarch has built lifestyle estates in New South Wales since 1955 and is currently developing or planning more than 2000 land sites valued in excess of $500 million across NSW and more recently south-east Queensland.