Batemans Bay Property News
Batemans Bay developments confirm strong growth.
Batemans Bay Property News ~ It is a Buyers Market, Buy today!
Date: Monday, 30 June 2008
Batemans Bay Property News.
"Land shortage predicted. Residential land between
Durras and Broulee will be fully developed within 10 years.
18th July 2008
Stockland have confirmed that they have sold their 2 Batemans Bay shopping centres for $84million, to the NSW Local Government Super Scheme.
4th July 2008
Grand Mercure for Batemans Bay
The owners, MGR Developments confirm that a new $24m Grand Mercure resort is due to commence construction in early August 2009. Pre-sale targets where reached in January this year. Completion is expected by Christmas 2009. Verve Hotels will manage the resort.
27th June 2008
180 Staff Centrelink Call Centre.
Federal member for Gilmore Joanna Gash has received confirmation that the Centrelink Community Innovation Centre planned for Batemans Bay will go ahead. The initial estimates are that the Centrelink Call Centre will create 240 new jobs.
Completion is expected by mid-2010. The centre will give a major boost to the local economy and reinforce Batemans Bay as the south coast's regional centre.
June 2008;
"Bay to the Beaches By-Pass" is due for completion at the end of August 2008. The by-pass will take most of the through traffic off Beach Road between Batehaven and Surf Beach and and is expected to influence property values in areas such as Lilli Pilli, Malua Bay and along Beach Road.
June 2008;
One of the last remaining land releases, and arguably the best land in the Lilli Pilli area, Warragai Place is now selling. www.maluabay.com.au/warragai
June 2008;
Unusually steady sales enquiry is being experienced by most real estate agencies over this winter.
High interest rates and fuel prices has not deterred enquiry for over 55 year old lifestylers, mainly from Canberra.
June 2008; The Batehaven - Surf Beach Bypass (Bay to the Beaches) is due for completion by the end of August 2008.
June 2008;
"Canberra's retirees are on the move to the coast again. The Canberra property market has now peaked, renewing Canberra retirees interest in moving to Batemans Bay. Close to family and friends, a relaxed coastal lifestyle, low cost of living and a great climate, being Batemans Bay's main attactions."
May 2008; Bunnings Hardware and Harvey Norman are expected to establish regional stores on the new industrial site at the Surf Beach end of the new bypass, "Bay to the Beaches".
April 2008; the new Batemans Bay Marina plans and public consultation commence. Ariadne expects to start construction on the 250 new wet berths, 250 dry storage berths and resort complex in early 2009. The development is expected to generate 80 new jobs.
January 2008;
New 180 staff Centrelink Call Centre to be built in Museum Place Batemans.
Construction is expect to commence in early 2009
Local agents expect the influx of 180 public servant jobs will boost all sectors of the Batemans Bay economy.
December 2007
Construction has commenced on a 92 Bed Residential Care Facility "The Glen" located in Correa Place Catalina. The $15 million dollar facility is being developed by local developer John Wakelin, and has been designed by local Architects Edmiston Jones. The project reinforces Batemans Bay a retirement destination.
December 2007 Land supply shortage?
"In 10 years you won't be able to buy land in Batemans Bay because suitable residential land between Durras and Broulee will be fully developed."
The Batemans Bay property cycle.
"The Batemans Bay area has 10-year property cycles - The peak of the Sellers Market in Batemans Bay where 1981, 1991 and 2001; therefore 2011 will probably be the next peak."
The best time to buy is at the bottom of the buyers market occurred this has previously occured in ‘1988, ‘1998, therefore I believe that 2008 is bottom of the current Buyers Market.
Geoff Payne AAPI AREI
PO Box 500 Batemans Bay NSW 2536
P 02 44 725000
M 0418 428398
F 02 44 725144
E geoff@geoffpayne.com.au
Geoff Payne Real Estate
Shop B2 Stockland Perry Street Batemans Bay NSW 2536
Open Monday to Friday 9am to 5pm
Professionals website www.baypro.com.au
Geoff Payne AAPI AREI, is a property valuer, real estate agent and land economist. Geoff has been operating in the south east region of NSW and ACT for over 30 years.