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I was up that way earlier this year looking at property, I was...

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gracesteel11

1,523 Posts.

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27/09/18

10:30

Post #: 35874680
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Originally posted by Malaga ↑

Talking about property in Geraldton. Oakajee fired up the market in 2007 . Visions of another Karratha drove a building boom and new suburbs like Drummond Cove, between Geraldton and Oakajee.
Then the d/heads gave the project to the Japanese and the rest was history. Geraldton real estate has been in slow decline since and has had a big drop in last 2 years as 2000 people left due to end of projects and lack of work. Houses and land packages in Drummond Cove that originally cost around $700, 000 are selling for less than $500,000 .
I have property in central Geraldton and like the place but down about $100,000 . Good luck with Oakajee the place is screaming out for this to happen.

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I was up that way earlier this year looking at property, I was amazed by how much the Drummond/Sunset beach area has declined in the past few years. A little infrastructure would greatly influence the area.

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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