This prime development land is ideal for housing or a retirement style resort.  It is currently zoned rural, but residential approval should be achievable in the near future.

The vendor will sell for $10M subject to a successful development application, or substantially cut the price for a purchaser who will accept the site "as is".

The site is on the highest ground in the area, so there are no drainage or flooding issues.  Water and sewerage services are nearby and the site has main highway frontage.

Bundaberg, population 48,000, is 368 kilometres north of Brisbane.  It is situated on the banks of the Burnett River and is the southern gateway to the Great Barrier Reef Islands.

Bundaberg is a very popular area for first home buyers and retirees and is one of the fastest growing areas in the country.

Median house prices grew by 4.1% in 2005, 25.4% in 2006, 21.8% in 2007, 2.5% in 2008 and 1.6% in 2009.

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