The Port Douglas Century 21 real estate team trusts you have survived the festive season, and wish you all the best for the year ahead. We hope you continue to gain value from our regular newsletters, and we plan to keep you up-to-date with all the news related to living and investing in real estate in the Port Douglas region.
Respected industry scribes predict the continuation of the current strong trend for property sales in Far North Queensland and particularly in the Port Douglas region. Statistics from RP Data show that in 1999 the median house price for Port Douglas was $201,200 and by 2004 it was$529,000 that is a growth of 162.5%. The median price of land in Port Douglas in 1999 was $205,000 and in 2004 median land prices had soared to $701,500 a growth of 242.2%. It is no wonder that in 2004, 10 properties sold in Port Douglas that were over a million dollars plus.
Also listed as a hot spot for investing in 2006, Port Douglas has seen a consistent rate of activity in units. With the prediction that there will be further rapid expansion in units in 2006 and an improvement in unit price growth. In the year 2000, only one apartment sale over the $1million dollar mark was recorded for Port Douglas. In 2004 there were 7 apartment sales over the $1million dollar mark recorded.
The Australian desire to live close to the beach is increasing demand for scarce properties in coastal areas of Queensland and is continuing to fuel these figures. Currently Century 21 Port Douglas Real Estate has an absolute beachfront property listed. Most rooms and the pool area of this Port Douglas property enjoy a view through the coconut groves to Four Mile Beach. If you we have sparked your curiosity about the price of Baler Street Port Douglas we encourage you to view the rest of the house on our website at www.realestateportdouglas.com.au/523 . Have no fear offers to purchase are By Tender only.
Foreign Investors have also jumped on the bandwagon with purchases of Queensland residential property by foreigners at $354 million for the financial year 2004/2005. An increase on the previous two years according to the Qld Department of Natural Resources & Mines. Of the total foreign investment in Queensland, 69% was for investment purpose and 31 % for owner occupation. Statistics show that Port Douglas property accounts for $5.3 million of the foreign investment in Queensland in the year 2004/2005. Our friendly neighbours the New Zealanders are the largest foreign buyers of residential property in Queensland in 2004/2005, closely followed by the United Kingdom. On a lighter note we here at Century 21 Port Douglas, are convinced it has more to do with the shock in feel good Vitamin D from the sun and Vitamin B from the beer that keeps the them coming our way. It might also have something to do with the 57 inbound international flights per week.
Either way Port Douglas real estate is bound to reap the rewards as according to the Tourism Forecasting Committee, international visitor arrivals into Australia are expected to grow by 5.8% per annum to around 9.3 million visitors in 2014. According to Tourism Queensland, in the year ending June 2004 the Tropical North Queensland region accommodated 263,756 visitors - 65% domestic and 35% international. When you do the maths there is no mistaking the Tropical North region has amongst the highest international visitation in the State of Queensland, even outperforming the Gold Coast.
We look forward to bringing you more Port Douglas news and events in 2006!
Originally came on holidays from Melbourne in 1994 and never went home. With a work history and Tertiary Education in Tourism Sales and Marketing, Photography,Travel and Small Business Management, Kate has a great understanding of the regions diversity and market trends. She has been selling in the local Real Estate Industry for the past 2 years and is focused on providing the highest quality of customer service. Kate brings a fresh enthusiasm as the newest member of the Century 21 team.