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Coastal paradise showing strong signs for capital growth
The popularity of the picturesque Queensland coastal towns of Agnes Water and the Town of 1770 shows no signs of waning, according to recent news reports. While the locals have tried to keep their piece of paradise to themselves, the secret is already out and astute investors are moving in.
An article in the Australian Financial Review (June 16, 2007) highlighted the recent trend of wealthy Australian executives snapping up multimillion-dollar apartments in the area. It’s no surprise, considering the superb location.

The towns are less than eight kilometers apart on the stunning Discovery Coast, which features 60 kilometres of pristine beaches along the Coral Sea.
It’s also where the surf meets the world-famous Great Barrier Reef. Agnes Waters is just 30 nautical miles from the Reef’s southern coral atolls; and it’s the most northerly place on the East Coast of Australia where surfers can catch a wave.
Two national parks flank the area: Deepwater National Park, which is ideal for fishing, observing turtle hatchlings or bird-watching; and Eurimbula National
Park with its botanically rich tropical rainforests, estuaries and mangroves.
With an abundance of natural beauty and a sub-tropical climate averaging between 16-32°C, it’s no wonder there has been huge demand for the few prestigious developments in the area such as The Discovery, situated between Agnes Waters and 1770.
But a lifestyle in paradise is not all the region boasts. Agnes Waters is located half-way between the booming regional centres of Bundaberg and Gladstone, both of which provide opportunity for careers.
Renowned for producing its famous rum, Bundaberg has other primary industries including sugar, horticulture, tourism, seafood, livestock and manufacturing.
Gladstone is a major regional Queensland town and has been tipped to be ‘one of the top sea-change destinations in the country’ by leading commentator on population and cultural trends in Australia, Bernard Salt, in an article in The Observer (July 17, 2007).
Gladstone has recently seen a boom in industry and has grown significantly in the past three years. It’s already home to one of the largest natural deep-water ports on the eastern seaboard, the world’s largest alumina plant and Queensland’s main power station. Three major industrial coal, coke and aluminum sites are also pending. And plans for the multi-billion dollar Gladstone Liquefied Natural Gas project were announced in July.
‘The town looks set to boom, with over 1000 people a year currently moving to the Gladstone region, generating over $9 billion in retail sales and about 300 to 400 houses being built every year’, Salt commented. ‘In 20 years you can expect Gladstone to have grown by at least 20,000 people… It’s quite clear that Gladstone has a natural role to play in the rise of the Queensland economy.’

According to an article in the Weekend Australian Financial Review (September 16, 2007), an airport is planned for Oyster Creek, about 20 minutes from Agnes Water/1770. It also reports the average annual growth of houses in 1770 to be 12.3 per cent for the past five years, and Agnes Water at 14.3 per cent. With the number of property developments limited to ensure the natural beauty of the region is maintained, astute buyers will have to be quick to secure their place in this prospering coastal paradise.
Information Supplied by: 1770 Constructions Phone: +617 4974 7288 Email: avid@ifproperty.com.au Websites: www.ifproperty.com.au www.thediscovery.com.au |