Port Douglas in for ‘decade’ of top market conditions

REAL ESTATE

Howard Salkow

Senior Journalist

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There continues to be high demand for top-end products in Port Douglas. IMAGE: Supplied.
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A RECENT sale featuring the last 2.6h stage of Niramaya has prompted DHD Corporation managing director, Daniel Hunter, to predict that Port Douglas can look forward to a bullish period in the property market. 

Sold for an undisclosed price to a Melbourne-based developer in an off-market manner, DHD will manage the project and work closely with Douglas Shire Council to achieve the best possible use of the land. 

The deal was orchestrated by Bree McMillan, Director of DHD Corporation.

“This clearly illustrates that there are amazing opportunities and I truly believe Port Douglas is in for a further decade of great market conditions,” said Hunter.

“If you look at the interest from interstate buyers and visitors, it’s actually quite remarkable. The only issue is that there is nothing for them to purchase that is new or especially off the plan.

“We really look forward to getting into our design phase and working closely with Council. It’s not often you can acquire such a sensational piece of land,” he said.

DHD have sold their previous site located on 33 Davidson Street with plans and permits for $1.45m.

“These results are showing us what is happening in Port Douglas," McMillan said.

“It’s all about demand and making sure we deliver a product that is not only needed but also something that is desired by interstate buyers.”

DHD Corp concentrates on boutique developments in desired locations including the USA and has already made its mark in Port Douglas.

In the US, DHD focuses on the Los Angeles market which includes high-end homes and small boutique apartment buildings on the Westside of Los Angeles including Santa Monica and West Hollywood.

“We've been watching the Port Douglas market for quite some time and observed there is still a strong demand for top-end products. Given the increase in tourism, we believe the majority of interest will come from the southern markets,” said Hunter.


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