Hottest spot on the river

By LYNDAL GAWEN ? THE latest in real estate gossip is that Rockhampton riverfront property is hot.

Last weekend a three-bedroom house built in the 1950s on 864 square metres of absolute river frontage sold at auction for $535,000.

That was 54 Pattison Street. About four months earlier a home, 1 River Street, also absolute river frontage, sold for $825,000, said Pat O'Driscoll of Pat O'Driscoll Real Estate.

Agent for Pat O'Driscoll, Jade Carr, made the weekend's "brisk'' sale with six bidders present.

"It's an old home so it was basically the land that the buyer was after,'' Mr O'Driscoll said.

Talking river frontage, Ray Hooper, of First National Real Estate Rockhampton, expects to have parcels of land avail- able for sale on the banks of the northside towards the end of this year.

The blocks will be 800 to 1300 sqm on 22 to 23 metres of river frontage.

Unwilling to provide an estimate for what a block of land would go for, Mr Hooper explained that property prices had changed so much since he began the project about a year ago, that he really could not come up with one.



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