Queensland residential property analyst Bill Morris, author of the Midwood Queensland Investment Report, said there were almost no sales in new Port Douglas projects over the past quarter.
Units for sale in Port Douglas generally fetched more than $700,000 and anything in that price bracket in the state was struggling.
The strata market was highly volatile and speculative, he said. "It is overpriced and oversupplied," Mr Morris said. "It is a lovely place that does well in booms and badly in recessions."
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Email from Juniper:
Sea Temple Resort & Spa – Port Douglas
Luxury 2 Bed 2 Bathroom Penthouse Apartment with Private Rooftop Jacuzzi & BBQ Pavilion
Was $895,000 Now $649,000 That’s a saving of $246,000!
Comes with:
- Large Master Bedroom with En Suite with Spa Bath
- Choice of Lagoon or Golf Course Views
- Massive Rooftop Terrace(120sqm) with Jacuzzi & BBQ
- Fully Remote Central Air-Conditioning
- Personal Lock-Up Garage
- Fully Furnished
- $30,000 a year leaseback for 2 Years
- 25% Discount off all Food & Beverage
- Body Corporate Levies Paid for 2 Years
- Fantastic discounts at Mirvac Hotels throughout Australia
Click Here to view the online video tour for this amazing Penthouse apartment.
Located in the heart of a rapidly expanding North Queensland tourist destination, Sea Temple Resort & Spa Port Douglas is a world-class facility catering for holidaymakers of all tastes.
Sea Temple Resort & Spa Port Douglas is situated right on the beachfront in Port Douglas and provides 136 apartments and beachfront Villas. At ground level the resort features include a fully equipped health spa, a spectacular lobby, restaurant and bar, set amongst the 3,000sqm resort lagoon pool with a pool bar. With the added advantage of being located between Four Mile beach and adjoining our renowned championship Links design18 hole golf course, Sea Temple Golf Club, Sea Temple Resort & Spa Port Douglas offers an irreplaceable lifestyle and investment opportunity.
Sea Temple Resort & Spa Port Douglas is one of the Juniper hot spots in Tropical North Queensland and appeals to astute investors wishing to add this vibrant and exotic location to their property portfolios.
Long-time Port Douglas real estate agent Tony McGrath said “in 23 years in the seaside resort town he had never seen such a discount before”.
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