Mary Valley rural property auctions ignite buyer interest
Queensland's residential property market received a boost over the weekend, after a tranche of
auctions in the Mary Valley region attracted significant interest from buyers over the weekend.
Deputy premier and minister for state development, infrastructure and planning Jeff Seeney said seven of the eight government-owned rural properties that went under the hammer sold - an indication of improving conditions.
The auction, which is the second of its kind in Mary Valley, attracted more than 100 buyers, with 32 registered bidders making over 78 offers for the pieces of real estate.
Mr Seeney said the latest auction result is a positive sign for the region, with it helping to revitalise the Mary Valley community.
"As more property is moved back into private ownership, new residents will make the Mary Valley their home and become part of the once thriving communities there," Mr Seeney explained.
"Our plans are not only sell the smaller lifestyle land holdings, but to work with industry and business to restore agricultural enterprises in the valley which will bring new job opportunities and more people to the region."
The latest real estate sales come after the state government announced outdoor education group, Higher Ground, plans to expand its operations in the region.