Panorama Ridge (Sales Model)
The Burnett Highway passes through the town and is an important gateway to the Bowen Basin region which is responsible for much of the state’s mining and natural resources related industries. The town currently has a population of approximately 3000 people. Unencumbered titled Sites – Affordable Housing Land value $89k per lot x 67 Approximate Value $6m.
With Mount Morgan located 30 minutes from Rockhampton, it offers home owners & investors alike an opportunity to buy an affordable property offering opportunity for sustained capital growth on the back of the mine about to reopen.
With only a handful of new building consents over the past ten years and the majority of housing consisting of up to 100 year old ―MINER’S COTTAGES; quality accommodation in Mt Morgan is not just scarce it is non-existent.
Development of the area has only just begun with developers now realising the potential of the town and all it has to offer. This is always the precursor to significant growth in any area.
- 67 Titled Lots ready to build with 10 duplex sites approved awaiting construction;
- Approximately 8,000 Acres;
- Surroundings has experienced tremendous growth over the last few years driven primarily by the resource and mining boom;
- Rockhampton and Gladstone have reflected this growth with population and property prices forcing residents to look for more affordable alternatives within close proximity.
Central Queensland, 38km South of Rockhampton and 680Km North of Brisbane.