Developers savour success as eager buyers swoop on SALT
IT SEEMS everyone wants to wake up to views of the Yeppoon foreshore and Great Keppel Island, with almost all available apartments at the soon-to-be-completed SALT project already under contract.
Prospective buyers have swooped on the residential development on Yeppoon's Anzac Pde, signing contracts to purchase 47 of the 50 available apartments.
Project developers Andrew Beaumont and Wayne Riddell said the council's decision to revitalise the Yeppoon foreshore and town centre had had a positive impact in terms of sales and confidence in the project.
"It goes to prove how a measured and consultative approach to the allocation of state and local funding can have a positive effect and direct impact on economic stability in the region," Mr Beaumont said.
"This will continue to drive additional private investment resulting in greater employment opportunities, additional rate-payers and stronger tourism sector."
Mr Beaumont said more than 90% of the SALT project's $25 million construction costs have been injected back into the Central Queensland economy through local suppliers and tradespeople.
It is expected that when the project is completed about 40 of the new apartments will become part of the Capricorn Coast's short-term holiday letting pool, creating an estimated 30 new job opportunities in the region.
Livingstone Shire Mayor Bill Ludwig, who earlier this month toured the site with Councillor Nigel Hutton and Member for Keppel Brittany Lauga, said the completion of the development was particularly timely for CQ.
"Figures from the International Visitors Survey show that visitor numbers to the southern Great Barrier Reef destination, which includes the Capricorn Coast, were up 11% on last year," he said.
"Visitor expenditure has also increased by 18% to $97 million and it's critical to the region's post-cyclone recovery that those tourism dollars are being spent here in the Livingstone Shire where we really do have some of the best facilities and most spectacular scenery anywhere in Queensland.
"Although there have been some setbacks from Cyclone Marcia and the downturn of the resource sector, developments like SALT and the ongoing revitalisation of the Yeppoon foreshore will ensure we continue to move in the right direction."