A slump in property sales is causing a stir as the market reportedly enters a significant period of stagnation.
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The year-long downtrend is putting immense pressure on local investors, and the cause might be closer to home than people think, said Guyra real estate agent Sue Ross.
“I think it has a bit to do with the tomato farm,” she said.
“We were indicated that they’d have all these jobs available and I’ve heard that there’s a lot of people that work in the 2365 postcode that don’t actually live here.”
“Most of the sales in the previous 12 to 18 months have been driven by investors… so once your rentals slow down investors slow down too.”
Ms Ross said, with around 45 per cent of residents already owning their own property, it was vital to draw in new people to boost the market.
Resident David Bearup said council should appoint a development officer.
“The market’s been subdued since the amalgamation and the Federal election.
“We need to activate something to go forward.”