It’s a Deal, It’s a Steal, It’s Sale of the Century…well Sale of 2011 at least.

Century 21 Port Douglas Real Estate - Under Contract

Receiver's Sale - Goes Under Contract

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.



About Port Douglas

Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
This entry was posted in Australia, Century 21 Port Douglas, Property Investor, Property Values, Propety Prices, Queensland, Real Estate. Bookmark the permalink.

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