News

Subdivision is timely news

PRD Nationwide Grafton proprietor Robbie Seymour at the soon-to-be-started subdivision at Junction Hill.
PRD Nationwide Grafton proprietor Robbie Seymour at the soon-to-be-started subdivision at Junction Hill. Adam Hourigan

A 71-LOT housing sub-division, estimated to bring in $50 million to the Clarence Valley economy, is expected to get under way in the next six months.

It is good news for the region after a month of gloomy economic news following the massive public service job cuts announced last month.

Grafton real estate agent Robbie Seymour said rather than seeing this as a sign of a city in decline, it was a chance to acquire some under-valued property. Mr Seymour is the agent for the sale of land in Junction Hill with approval to build 71 new house blocks.

It is understood that the land was approved for development four years ago but the project stalled as other subdivisions took off around it.

Mr Seymour said potential buyers have shown interest and he believes the developers are keen to "break ground" within the next six months.

"The purchasers looked at Grafton and saw a good record of prior success with these sort of developments and that the local market was severely underrated," Mr Seymour said.

"This is exactly what Grafton needs, it will bring as much as $50 million into the local economy."

The Examiner also understands that a 1014-lot development is likely to be approved in the Junction Hill area next week.

Clarence Valley Council deputy general manager Des Schroder said the developments fell well within the council guidelines.

"The Clarence Valley actually has one of Australia's most reliable water supplies and is therefore one of the few areas that can really sustain a large increase in population," Mr Schroder said.

"We in fact have around 7000 lots in the valley with development applications pending."

Topics:  housing development, junction hill, subdivision




Demolition of the South Grafton depot site begins today

Clarence Valley Mayor Richie Williamson, Ian Feek, from project manager Ridgemill, Clarence Valley Council general manager Scott Greensill and Shaun Spry and Matt Hunter from Hutchinsons Builders at the South Grafton super depot site on Tuesday.

Demolition work on the council super depot is about to begin.

Overcrowded North Coast schools packed to rafters

NORTH Coast schools bursting at seams with too many students

Totally addicted to bass, and perch

Urunga fisher Sam Taylor with his personal best Australian Bass.

Three-month closure end on Thursday

Latest deals and offers

Taylor Swift dismissed from jury duty

Taylor Swift was dismissed from jury duty in a sexual assault case

Zumbo's Willy Wonka hat trick trips up Queensland brickie

Adriano Zumbo and Rachel Khoo with Zumbo's floating dessert in a scene from Zumbo's Just Desserts.

NOOSA'S Michael Basset asked to recreate floating chocolate dish.

John Lennon's killer denied parole for 9th time

John Lennon

John Lennon's killer has been denied parole for the ninth time.

Mexican band takes aim at Trump

Disguised as unhinged narcotraficantes, the Mexican-American agitators of BRUJERIA captured the mood of the citys minorities with the bands infamous and widely banned 1993 debut, Matando Geros (Killing White People), quickly becoming the Spanish-language counterparts to early grindcore masters TERRORIZER and NAPALM DEATH.  Photo Contributed

'Satanic drug lord' band challenges Trump

Willy Wonka star, Gene Wilder dead at 83

A still of Gene Wilder in the 1971 film Willy Wonka and the Chocolate Factory

Social media has already lit up with tributes to the late actor.

Falls tickets go on sale

Cold War Kids wow audiences at Falls Festival in Byron Bay despite the soaring tempratures and humidity. Photo Marc Stapelberg / The Northern Star

General sale starts at 9am

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.

Take a sneak peek at this $19m Whitsunday mansion

Mandalay House features a private helipad.

Mandalay is currently on the market with an asking price of $19m