Port Douglas still 'front and centre' with southern investors: Realtor

REAL ESTATE

Howard Salkow

Senior Journalist

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Despite the delay with the Port Douglas marina re-development, a local real estate agent believes southern buyers are still looking to invest in the town. IMAGE: Supplied.
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PORT Douglas realtors have not lost any confidence in the market place and firmly believe this region is still among the more attractive investment options available.

And David Cotton, Director of Raine & Horne - Port Douglas Mossman real estate, says he continues to receive inquiries, including properties in the million-dollar range.

Cotton’s optimism follows a report that Melbourne property tycoon Lloyd Williams recently purchased two properties in the Mirage Villas complex, paying $1.7m apiece.

“This clearly shows that Port Douglas is front and centre and will continue to attract buyers who are prepared to spend in excess of one million dollars,” said Cotton.

Cotton does not believe the delay in re-developing the Crystalbrook Superyacht Marina has impacted investors.

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“It will certainly help the market once work begins, but it has not had adversely affected real estate in the shire,” said Cotton.

“I undertook two inspections today for multi-million dollar properties, which clearly highlights there is lots of activity, which is exciting.” 

 

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