These days real estate on Flagstaff Hill is by far the most expensive and sought after in Port Douglas, there was a time when the location was better known as “Billygoat Hill” so named as farmers would leave their goats up there to graze.
Today properties “on the hill” between Island Point Road and Murphy Street are some of the most luxurious on the market and an average asking price is around $4,000,000.00.
Last week the Cairns Regional Council approved a six unit development at 69- 73 Murphy Street, which was the old council quarry.
Despite some neighbours objecting the plan is for six townhouse villas to be built over three levels with access to the complex from the Esplanade.
The cliff site is rather precarious and strict conditions have been imposed on the developer.
At the next meeting the Port Douglas Iconic Panel will assess the application.
With building development virtually at a standstill in Port Douglas and Cairns (only 18 houses were approved in the region during January and February) the local building industry would be hopeful that this development is a sign that things are improving.
At present Century 21 Port Douglas Real Estate has 26 Murphy Street on the market, with the vendor seeking offers http://www.realestateportdouglas.com.au/2264 http://www.youtube.com/user/propertyportdouglas?feature=mhum#p/u/53/Y9Z1ukHIGcQ
Also 27 Murphy Street is on the market at $1,260,000.00 http://www.realestateportdouglas.com.au/2253