Property prices in the Whitsundays have reached a new peak with a record number of houses punching through the $1 million mark this year.
The latest data shows a 25 per cent upswing in the last 12 months, and Taylors Property Specialists have revealed the region had a record-breaking year in 2021 with 75 properties, including units and vacant land, selling for more than $1 million.
By comparison, 22 properties sold for more than $1 million in 2020 and just seven in 2016.
This surge has pushed house prices to their highest point in 15 years and 2022 is already on track to shatter that record once more, with 53 sales in excess of $1 million already recorded for the year to date.
Rob Taylor, Principal of Taylors Property Specialists says he has seen firsthand the recent demand for lifestyle properties in the area.
“The push from buyers in southern capitals into regional markets during the pandemic has significantly increased the exposure of the area with many looking for a lifestyle change,” said Mr Taylor.
“This trend is continuing with regional Queensland experiencing record migration from the southern states.”
This trend has been reinforced by the recent stage one launch of Shute Harbour Marina Resort which generated more than $21.5 million in sales contracts issued and more than 600 enquiries.
Experts believe that having a development of this calibre located in the Whitsundays increases the overall measure and worth of property, driving it upwards even further.
Mr Taylor said the lifestyle opportunities available at Shute Harbour Marina Resort represent a unique investment to the astute buyer, boasting free-hold residential waterfront sites of 440sqm which the developer has earmarked for two and three-storey design concepts.
Land and berth prices will start from $1.75 million. Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes.
The development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage one release of land and marina berths, is expected to take two years to complete. Construction is expected to begin next year.
Shute Harbour Marina Resort where beth and land prices start at $1.75 million
Rob Taylor from Taylors Property Specialists
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