A Report Detailing the Land Valuation of Horton Park Golf Course Had Many Questioning Why the Council Would Pay $39 Million for It

Sunshine Coast Daily (Maroochydore, Australia), November 16, 2010 | Go to article overview

A Report Detailing the Land Valuation of Horton Park Golf Course Had Many Questioning Why the Council Would Pay $39 Million for It


ONE point of interest is sparked by the following quote: "The Landmark White value of our land is $13-$16 million."

Why then is council offering $39 million (our money) for land worth no more than $16 million dollars?

Either the Landmark White valuation is wrong or council is wasting an awful lot of money!

What is it?

JeffWatson from Twin Waters

Buyers lining up

THE valuation of this land at $13 million is a joke. Lend Lease must be chuckling at the thought of getting the development rights off the council after the council puts in all the infrastructure. Advertise this land at this price today and there would not be enough accommodation in the area to cope with potential buyers.

Loneranger from Maroochydore

Fair valuation

$16M for the land as recreational land is probably a fair figure. I mean, they intend buying Twin Waters for $25m. So if we are talking developed golf course and maintaining that use, then it is probably pretty right.

However, the land has potential development rights (as identified on the structure plan) so the valuation would be considerably higher. …

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