Village sales go through the roof

ANDREW Ladd at Salt, where $3 million of property has sold in one week.
ANDREW Ladd at Salt, where $3 million of property has sold in one week.

SALT Village has reported its strongest sales in three months, with $3 million worth of property snapped up in one week.

Salt Village real estate principal Andrew Ladd said the sales were a good indication the local market was picking up.

“People just haven't been moving forward lately,” Mr Ladd said.

“With interest rates on hold at the moment, people have more confidence in the market.

“In tough economic conditions, such as we have now, people need to be reminded that the medium-term investment fundamentals here remain very strong.”

Mr Ladd said new infrastructure and affordability on the Tweed coast would ensure future demand and growth.

He said despite current property trends, Salt Village was ex- periencing solid demand for high-end luxury properties as well as strong interest in lower-priced product.

The latest home sites sold were a short distance from the beach and ranged between $550,000 and $650,000.

The Malibu Circuit home sold for $1.25 million was designed by award-winning architect Bayden Goddard and had five bedrooms and three bathrooms.

Mr Ladd said buyers in the recent sale surge were from the Gold Coast, Banora Point and Sydney.

He said the opening of the Tugun Bypass allowed residents to live at Salt and maintain their Gold Coast or Brisbane-based commitments.

The sales figures came after experts challenged the 'doom and gloom' view of the Tweed Coast property market at a property forum staged at Salt Village recently.

Property analyst Michael Matusik said property market fundamentals were just as strong today as they were in the real estate boom of 2003, if not better.

In the last four years, Salt Village has posted land, house and apartment sales totalling more than $500 million.

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