Beach blocks on market for $200k
PROPERTY sales have boomed in Salt this summer with more than $11 million turned over.
The surge in sales comes on the back of a receiver sale marketed by Ray Real Estate and Colliers International with some prices cut by more than 50%.
The creek side and beachside releases were made available over Christmas and New Year, the first land releases in Salt Village in almost five years.
"Salt Village is really a unique offering for those who want to secure a beach home at an affordable price," Ray Real Estate director Tom Ray said.
"The new creek side land release has made coastal living even more attainable for entry level purchasers."
Mr Ray said it was rare to find land close to the ocean in the $200,000 bracket.
"A number of our most recent buyers have been people who had visited Salt Village pre-GFC and decided that beachside property prices were beyond their reach but have now reconsidered," Mr Ray said.
Receivers were appointed to unsold land in Salt Village in March 2010 when Capital Finance, the Australian arm of the British Lloyds Banking Group, withdrew their support for the project.
Mr Ray said he expected the remaining lots to sell quickly.