Client News

Oliver Hume sells last of Traveston Dam properties

Mary-Valley-Cow-e1429492173157 Leading property services group Oliver Hume has sold more than $7 million worth of Queensland Government-owned properties as part of the Mary Valley Economic Development Strategy. Oliver Hume has sold off the latest tranch of properties that had been acquired by the government for the Traveston Crossing Dam project. Approximately 13,000 hectares has now been sold or leased and is being returned to private ownership. Eleven out of the 12 final properties, which included Garapine, an outdoor education facility, dairy and grazing properties, homes and rural land, were sold at the end of the most recent campaign. More than 50 offers were received from potential buyers, with properties attracting an average of nine per cent above the list price. Oliver Hume Managing Director Brinton Keath said the Queensland Government had sold 540 lots of the original 656 lots back to the community and 114 lots are either under development lease or under negotiation. “This is another excellent result for the Mary Valley and this successful program has kick started the rejuvenation of this local community and the local economy,” he said. “Over 13,000 hectares that was part of the Mary Valley Economic Development Strategy is now in the final stages of being successfully sold back to the community. “The sale of the final properties will continue to revitalise the Mary Valley, by further boosting the local economy and strengthening the stability of the community.” The Mary Valley Economic Development Strategy has delivered great results, returning properties to private ownership, attracting new businesses to the area and strengthening the local community.