Bowen

<html><body>
A Bowen, Queensland mortgagee home set on industrial land has sold for $175,000.
The three bedroom, one bathroom house went to auction without a price guide on December 14 2019.
Brian Sellars of the Professionals marketed the abode.
Situated at <a href="https://www.realestate.com.au/property-house-qld-bowen-132473494" target="_blank">5 Gregory Street</a>, the home is located on the corner with dozens of metres of street frontage on both sides of the property.
Set on 1,027 sqm the house is located near the harbour front as well as the post office and the beach.
The marketing material said it would be "Easy to establish a combined home and work depot."
Last sold in 2003, the home transacted for $142,500.
Tge property was listed as a rental seeking $295/pw in March 2016 and more recently when it sought $230/pw in January 2017.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="https://www.urban.com.au/property-observer" target="_blank">Bowen</a> is $261,250 according to CoreLogic. 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Bowen, Queensland mortgagee home on industrial land sold

<html><body>
There are certainly opportunities in the current 2019 market to pay less than the last price.
But is there really such a thing as buying a bargain when it comes to property? And where are they?
This series of articles looks are specific examples of sale price or asking price falling. 
We take a look at where and if possible why this is happening.  
We came across this property for consideration.
A pair of Bowen, Queensland duplex's has seen its listing slashed $180,000.
Currently listed for $340,000, the property first arrived on market in March 2008 seeking $520,000.
Bonnie Kohlhase of LJ Hooker is currently marketing the latest relisting
Situated at <a href="https://www.realestate.com.au/property-house-qld-bowen-104745682" target="_blank">17 Casuarina Street</a>, the property was listed as a rental in 2015, midway through the campaign, for $220/pw. 
Set on 709 sqm, the duplex's are both comprised of two bedrooms and two bathrooms.
One was recently refloored, while both recently got a new roof and a fresh coat of paint, according to the listing
It is located a couple blocks from the beach.
The asking price was last reduced in May 2018.
Last sold in 1981, the property transacted for $53,000.
<img src="https://www.urban.com.au/images/2019/7/22/Bowen%202.png" alt="">
<div class="image-wrapper">Property Observer advise that it is up to you to determine if the offering is a truly beneficial bargain.</div>
<div class="image-wrapper">
Remember buying at the bottom of the cycle is fraught – as you can't really precisely pick the bottom nor know just how long until you see some price growth.
Be aware you could be buying a poor quality property in an area with ongoing issues of oversupply of stock.
The oversupply could be also putting downward pressure on rents.
Other price declines could be because the vendor needs a quick sale or paid way over the top on its last purchase chase.
Property Observer suggests property purchasing really does need to be a very well considered proposition with a long term mindset.
As a part of this series, we've already had a look at properties in <a href="https://www.urban.com.au/expert-insights/buying/98408-bargain-property-at-mount-eliza-home-at-2-million-discount" target="_blank">Mount Eliza</a>, <a href="https://www.urban.com.au/expert-insights/buying/100193-bargain-property-in-central-geelong-sale-price-dips-after-one-year" target="_blank">Central Geelong</a>, <a href="https://www.urban.com.au/expert-insights/buying/99141-bargain-property-in-east-perth-near-new-apartment-makes-150-000-loss" target="_blank">East Perth</a> and <a href="https://www.urban.com.au/expert-insights/buying/101443-bargain-property-in-sydney-olympic-park-apartment-listed-at-180-000-value-discount" target="_blank">Sydney Olympic Park</a>.
</div>
</body></html>

Bargain property in Bowen? Listing of duplex pair slashed by a third

<html><body>
A mango farm in Bowen, North Queensland, is up for sale with the deal including 13,500 high yielding trees across three properties on 155 hectares.
<a href="https://www.jayfresh.com.au/index" target="_blank">Jayfresh</a> has listed Delta, a 4.026 hectare holding featuring 620 R2E2 mango trees with infrastructure, Euri Creek, a 55.75 hectare property featuring 8,000 R2E2 mango trees with sheds and a residence and Beaumont Organic Farm, a 96 hectare property featuring 5,000 Kensington Pride mango trees with additional land suitable for additional mango plantings or other horticultural pursuits. Beaumont also features a mango processing factory on site.
<img src="https://www.urban.com.au/images/2017/02/01/Screen%20Shot%202017-02-01%20at%2011.06.17%20AM.png" alt="">
CBRE's Phil Schell and Chris Holgar are selling the property with Landmark Bowen's Rob Wilde and Gary Johns.  Mr Holgar said Jayfresh's Delta property thought to be Australia's first commercial R2E2 orchard and the business has a reputation for producing consistently high quality and reliable supply worldwide “Located at the 'top of the Whitsundays', within two hours of Townsville and Mackay, and less than an hour from Airlie Beach and Hamilton Island, Bowen is home of the 'Big Mango' – renown for producing the first Kensington Pride Mango in the late 1880s, and later the world renowned R2E2 variety,” he said. 
“Boasting both R2E2 and Organic Kensington Pride varieties – the best Australian varieties – this aggregation presents an exceptional opportunity for investors and horticultural operators looking to cement a strong position in both the local and export markets. “With R2E2 being the preferred export variety, highly regarded in the Chinese, Middle East and European markets for its large size and beautiful blush, this property represents an exceptional opportunity to further build on the strong connections in these growing markets.  “The current Bowen aggregation provides scope to produce in excess of 100,000 cartons on R2E2 mangos, making it potentially the largest single producer of R2E2 in Australia.” 
</body></html>

Bowen

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Bowen

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News