Nothing's dipping in Mary Valley
Queensland's Mary Valley could be a top pick for property investors and homeowners alike, thanks to a number of positive conditions in the area's property market.
Coupled with the incredibly affordable investment and home mortgage products currently on the market, conditions are certainly ripe for buying in the valley.
Strong sales activity
According to Deputy Prime Minister and Minster for State Development, Infrastructure and Planning Jeff Seeney, interest in the Mary Valley has been incredibly positive this year.
"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 explained in a June 18 statement.
Mr Seeney elaborated on the government's revitalisation strategy for the area. Decision-makers have been focussed on offering more affordable housing options to allow couples and families to secure their interests in the property market.
One property in the Mary Valley's Carters Ridge sold for $240,000, despite being listed for $190,000. During the sales process, the vendors received 14 expressions of interest, highlighting the burgeoning popularity of the area.
Mr Seeney noted that a further 11 properties were being released as part of the revitalisation strategy on June 18. This follows 12 rural-residential properties going under contract in the week of June 16, collectively receiving 79 expressions of interest.
What can be snapped up in the Mary Valley?
As part of the latest release of properties, a tourism venture is going up for sale.
There's also a selection of houses and land that could appeal to both investors and homeowners. Given the cheap home loans available and the affordability of the Mary Valley - despite the intense interest - now could be a time to buy.
Image credit: Masbro