Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Confidence Lifts the Market; Latest High-Rise Approval Marks the Start of Development Boom for Fraser Coast

Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Confidence Lifts the Market; Latest High-Rise Approval Marks the Start of Development Boom for Fraser Coast

Article excerpt

Byline: Blake Antrobus blake.antrobus@ frasercoastchronicle.com.au

THE latest approval of a high-rise complex in Urangan could mark the start of a development boom for the Fraser Coast.

Industry leaders have reported a wave of confidence moving through the Fraser Coast's business markets on the tail end of multi-million dollar projects being approved for the region.

The building is one of six major projects approved by the council this year.

They include a cinema complex in Urraween, a new resort in Scarness, Kawungan's OzCare centre and the Premier Health Care facility,

The projects are worth a combined $320 million.

And Damian Raxach said green shoots in the real estate market are coming through already.

The REIQ zone chair for the Fraser Coast said the presence of such high-priced developments was an encouraging sign for small-time investors looking to invest in the region.

"Seeing big numbers being floated around is good for the local real estate industry," Mr Raxach said. …

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