Blog

July 20, 2017

Positive Progress for Emu Park / Zilzie

Lots of positive news for anyone that owns real estate in Emu Park or Zilzie. Talk to any Parkie and you will quickly see how much they love living on the southern end of the Capricorn Coast. Famous for its laid back sea side village lifestyle, beautiful beaches, stunning views complete with untouched islands, the signing ship and huge beachside festivals such as October Fest, Festival of the Winds, The Classic Car Tattoo and monthly markets complete with camel rides and of course world famous ANZAC board walk. This enviable lifestyle location is currently a hive of activity, as work is under way to make this piece of paradise even better with the Emu Park Foreshore and Town Centre Revitalization  continuing to enhance parking, the playground, seating and much more.  As well as the commencement of The Hartley Street Sport and Recreation Reserve.

It’s no wonder people are flocking to Emu Park and Zilzie.  According to RP Data, 16 more homes sold in the Emu Park / Zilzie area from March 2016 to March 2017 than the previous 12 months. This is a significant increase of 24% in the volume of house sales. There are other positive signs moving forward for the southern end of the Capricorn Coast, for example in May 2017 it took 160 days on average for a property to sell in Emu Park however by July 2017 its down to only 139 days on average to sell with the average days on market also decreasing for Zilzie.  Another interesting observation was that in September 2016 there were approximately 1800 properties appearing when searching Yeppoon Greater Region on www.realestate.com.au whereas now only approximately 1500 properties appear.  A decrease of around 300 properties for sale in the region as a whole paints a promising pitcher about decrease in supply of housing and increase in buyer demand. 

Natalie and Jodi from @ Real Estate have experienced a noticeable increase in buyer enquiry with Jodi selling 13 Brumby Drive Tanby for full list price in only 4 days, and only a few months before sold 7 Eagle Place Sea Spray for only $3000 under the listing price in only 9 day.  While Natalie has recently sold an allotment in the award winning Sea Spray Estate for over $200 000, being the highest standard residential land sale in the estate in years.  Natalie also currently has under contract a beach house in Emu Park which has attracted attention from across the country, with multiple buyers keen to purchase the property, however was quickly snapped up by a local couple who are keen to buy before property prices start to climb.  These are all good signs for the future of real estate in Emu Park and Zilzie.  It would be wise to consider investing while prices are affordable.