Salt Village defies trends with near sell-out
WHENEVER the subject of the housing market is raised in conversation, the overwhelming response from most people is that the property market is doing rather badly and housing prices are down across the board.
Going against the assumed trend, the $1 billion Salt Village development is nearing sell-out of its final portion of creek side land with just 13 lots remaining in the stage 2a precinct.
Ray Real Estate sales agent Bruce Williams said demand for land had picked up on the back of the state government's $15,000 incentive for first home buyers stamp duty rebates.
"Current incentives are geared towards encouraging people to build and buy new property and now that land values on the Tweed Coast are virtually back to 2003 levels, it's a very enticing proposition for those looking to get into the property market," Mr Williams said.
Colliers International director Tony Holland said the fact stage 2a represented the last opportunity to secure off-the-plan home sites in Salt Village had been a major motivator for many purchasers.
"The recent successful settlement of all lots in stage 6 was an indicator to buyers that had been considering building at Salt Village that time is running out and we are confident that these final lots won't be on the market for long.
"Salt Village continues to attract a wide range of buyers who are predominantly owner occupiers looking to live in a relaxed, beachside community," Mr Holland said.
The Tweed coast proved to be a popular summer destination and as a result sales were made, not only to locals, but also to a number of people from Brisbane and interstate.
"Buyers ranged from young couples and families through to retirees," Mr Holland said.
The home sites currently on offer were some of the largest in the Salt Village development ranged from 510 sqm to 1,022 sqm and were priced from just $245,000.
The sites were close to everything including the creek, beach, shops, parks and restaurants.
"We're feeling very optimistic about 2013 in terms of the market to start trending upwards.
"Now is the time for people to get on board as it's very unlikely these prices will be repeated," Mr Holland said.
For more information about Salt Village, visit saltvillage.com.au or contact the Ray Real Estate or Colliers Casuarina Beach sales offices.