Emerald sees two $1 million plus sales in 2019: HTW residential

While Emerald is still bouncing off the bottom and in a slow rising mode, there is little eye candy around unless the property ticks all the boxes and has multiple buyers looking, according to the latest Herron Todd White (HTW) residential report. 

The report notes a big sale for Emerald is over the $1 million mark.

"This year we have seen two properties sell in this top range with the first being 8 Campbell Ford Drive (pictured below), situated on 4,061 square metres with nine bedrooms, five bathrooms, a four-car garage, over 750 square metres under roof, a 19 metre pool and a 400 square metre shed," the valuation firm said. 

This is a one of a kind for Emerald, hence the price tag of over $1.1 million.

The second home selling at just over $1 million was at 22 Slack Drive.

The property is 1.03 hectares of river frontage with manicured landscaping, an outdoor area, four bedrooms, two bathrooms, about 480 square metres under roof, a 300 square metre shed and an inground pool.

"Both of these properties lacked nothing for quality accommodation in Emerald," the valuation firm said. 

Rents top out at $450 to $500 per week with six listings currently. Rents have seen the highest growth in 2019 and this should start driving house prices upward.

"There are currently four genuine listings of residential properties in Emerald over $850,000. Each is unique with architect designed homes, pools, granny flats, large sheds, acreage, extra- large homes and high quality accommodation," the valuation firm noted.