The volume of enquiry is less than what is being received for assets within metropolitan SEQ at present although consistent with other regional offerings that we have marketed recently
Interest has been received from a range of groups including builders, developers, investment marketers and property speculators
The main focus of the groups who have enquired to date has been on the state of the residential land market in Gympie at present with all groups suggesting that the market is over supplied with competing stock with strong competition for market share
The sloping nature of the lots has been view negatively in the market with groups suggesting that they would make allowance of up to $10,000 per lot to provide cut and fill to allow a slab on ground type of construction. Other forms of building including split level homes or pole/post homes which involve more expensive building techniques also.
|Method of Sale:||Expressions of Interest|
|Marketing Timeframe:||6 Weeks|
|Total Offers Received:||4|