BOTANICA SETS NEW PRICE BENCHMARKS

Botanica Waterfront off Paluma Road, Cannonvale, continues to set new price benchmarks for absolute waterfront land in the area.

A 2000 square metre block of land bought for $500,000 just 18 months ago has re-sold for $750,000.

The purchaser is Club Crocodile founder Peter Thynne, currently living in Noosa after selling out of the company in 2002.

“I’ve never seen a more awesome block of land on the Queensland coast,” he said. “In fact, what the developers have done at Botanica is quite mind-blowing. The Whitsundays has finally come of age.

“When you look at prices in places such as Port Douglas and Noosa you realise that waterfront land such as that at Botanica is still reasonably priced. I can’t think of anywhere better to park one’s investment dollars. I look forward to creating my dream home there.”

Sold-out Botanica Waterfront (19 waterfront and hillside lots) is the first stage of the 100 acre master-planned Botanica Estate development by former Sydney advertising gurus Janet and Ralph Hogan.

Just two lots out of 12 remain at The Ridge, the second stage of the project. A further 14 lots at The Ridge will be released shortly. Set amid pristine bushland The Ridge has elevations of 75 – 115 metres with spectacular north-east ocean views to the Whitsunday islands, well protected from the glare of the afternoon sun.

With much of the Whitsundays set aside for high-density development, Janet believes the four things that everyone will be looking for in the future will be views, space, privacy and security.

“The Botanica Estate project offers all that within a botanical environment, yet the bustling, cosmopolitan township of Airlie Beach is just a few minutes’ drive away.” she said.

Security gates at the entrance to Botanica Estate will be installed in the next few weeks and construction is well advanced on the estate’s first two homes. The genuine quality of these homes is a testament to the natural beauty and panorama of Botanica.

Another Botanica Waterfront owner observed. “The value of our property has risen by more than 55% in a little over 12 months which clearly elevates Botanica into a class of its own. This level of quality and investment has been sadly lacking in the past and it’s great to see the Whitsunday mainland finally achieving this lift in residential infrastructure.

“As I see it, the problem for purchasers in the near future is not going to be so much the price of waterfront or genuine seaviews, but availability. This would appear to be borne out by the number of long-time locals moving on what quality lots remain.

“As I recollect it was only about 12 months ago that the first house sale broke the $1 million barrier. These recent land sales would have to ensure that figure will double in the near future.”

Two hillside lots at Botanica Waterfront have re-sold within months of being bought bringing a profit of $100,000 for the original purchasers.

Janet and Ralph Hogan have also built a magnificent Balinese-style oceanside house on the estate.

For further details of Botanica Estate contact Mark Beale at Ray White Whitsunday, 308 Shute Harbour Road, Airlie Beach – phone 07 4948 8507 or 0404 498 790, email: mark.beale@raywhite.com, www.raywhitewhitsunday.com.