Traveston, a quiet rural town in the Noosa hinterland on Queensland’s Sunshine Coast, made headlines in 2006 when the State Government announced its controversial proposal for the building of the $1.7 billion Traveston Crossing Dam. This project was later scrapped in November 2009 after failing to secure the requisite approval from Federal Environment Minister Peter Garrett. The Queensland Government has since decided to resell the Mary Valley properties it had initially acquired for the building. It was a decision celebrated by the Mary Valley community who had fought hard against the dam proposal.
Out of the 13,000 plus State Government-owned hectares of land, more than half has been sold back to the public successfully in a bid to return the assets to private ownership. Managing Director of the Property services group Oliver Hume, Brinton Keath, has praised this excellent outcome. His group has sold more than $7 million worth of properties and has recently sold off the latest tranche. Over a seven-day tender campaign, potential buyers put in more than 50 offers with sale prices for the dam properties ranging from $355,000 to $1.1 million. Out of the 12 final properties, that included dairy and grazing properties, homes and rural land, 11 were sold at its conclusion. “The sale of the final properties will help revitalise the Mary Valley by boosting the local economy and strengthening the stability of the community,” Keath adds.
Image via Flickr/Patrick McCully | Words by Rachel Lee