Property services group Oliver Hume has sold more than $7 million worth of State Government-owned properties in the Mary Valley.
Oliver Hume has sold off the latest tranch of properties that had been acquired by the State Government for the cancelled Traveston Dam project. Approximately 13,000 hectares of land had been purchased for the project.
Eleven out of the 12 final properties, which included dairy and grazing properties, homes and rural land, were sold at the end of a seven-day tender campaign.
More than 50 offers were received from potential buyers. Sale prices for the dam properties ranged from $355,000 to $1.1 million.
Oliver Hume Managing Director Brinton Keath said the State Government had sold more than 250 of the 464 dam properties back to the community.
“This is an excellent result for South East Queensland,” he said.
“Over 13,000 hectares had been originally purchased for the Traveston Crossing Dam project and over half has been successfully sold back to the public."“The sale of the final properties will help revitalise the Mary Valley by boosting the local economy and strengthening the stability of the community.”
The proposed $1.7 billion Traveston Crossing Dam was initially proposed in 2006 by the State Government and would have been located in the Mary Valley, approximately 27km upstream of Gympie. The project was cancelled in November 2009, after being refused approval by Federal Environment Minister Peter Garrett.