Now seriously for sale by Auction which will be held onsite 02/03/2017 at 11.00 am unless sold prior.
905 Old Maroochydore Road is located only 2 minutes drive to the Bruce Highway with exposure to 21,900 cars per day and is only 90 minutes from Port of Brisbane and International Airport.
The site offers significant development potential and has a modest holding income from two residential dwellings.
The size of Forest Glen is approximately 7.2 square kilometres. It has 3 parks covering nearly 2.7% of total area. The population of Forest Glen in 2011 was 790 people. By 2016 the population was 1,370 showing a population growth of 73.4% in the area during that time. The predominant age group in Forest Glen is 0-9 years. Households in Forest Glen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Glen work in a trades occupation. In 2011, 80.3% of the homes in Forest Glen were owner-occupied compared with 79.7% in 2016.
Forest Glen has 925 properties. Over the last 5 years, Houses in Forest Glen have seen a 49.93% increase in median value, while Units have seen a 77.85% increase. As at 31 October 2024:
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