There is no denying it has been a tough real estate market in 2011 for Port Douglas. The township of Port Douglas is reliant on tourism and the high Australian dollar encourages Australians to travel overseas and discourages International vistors from embarking on holidays in Far North Queensland.
Whilst the capital cities are only just now starting to “feel the pinch” and a slide in property prices, Port Douglas in Queensland Australia has endured hard times since 2008.
The Boathouse Apartments in Murphy Street and The Belltower Village shops in Macrossan Street, have been successfully marketed and placed Under Contract by Century 21 At Port (Port Douglas) and the Receivers have confirmed the acceptance of two contracts for the properties.
At this point, the new owner, his intentions and the sale prices can not be disclosed, however, Ian Johnson of Century 21 Port Douglas stated that “of the 36 interested buyers, 17 tenders were received and the highest tender was accepted on the 18/11/2011″.
Ian commented: “There are numerous buyers for real estate today and properties are selling constantly, providing Sellers realise they have to meet the market conditions. Unfortunately the economic climate demands this, but we are facilitating this process regularly these days”.
It just goes to show with all the doom and gloom around there are still buyers out there who have faith in Port Douglas, after all we all know it’s too beautiful a place not to bounce back.