Property market update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Fast-tracked land released by the Newman Government in mining towns Moranbah and Blackwater has been snapped up by locals.
Residential developments in the area have exceeded all sales expectations since the recent release of new stages, according to Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney.
“Expressions of interest have been lodged for another 13 lots and a further 36 lots have been contracted by the project’s builder partners who are expected to release house and land packages to the market in early October.
Sales have been strong in Bushlark Grove, with more than 70 per cent of stage one and two now sold or under contract, and Blue Ridge in Blackwater which has received 12 deposits since the release.
“This exceptional response further confirms the need for affordable, diverse land lots, and house and land packages in our regional and resource towns,” Mr Seeney said.
“The development program for both of these residential estates has been fast-tracked. Civil works are underway and residents should be moving into their new homes within 12 months.”
Blackwater, also known as sewage, is wastewater mixed biological material that may contain dangerous substances and pose a health hazard.