Gympie real estate: Eel Creek Rd block sells for $2.5m

Many more housing blocks between the Southside and Pie Creek are likely after the region’s most prolific developer bought up 32ha on Eel Creek Road for a cool $2.5 million. Read where it is and how many residential blocks it could yield:

A prime piece of Gympie land is off the market after selling for a cool $2.5 million in early September.

A 32ha block on the eastern side of Eel Creek Rd, stretching from Daphne St to Rocks Rd, has been bought by prolific Gympie and Noosa developers Roberts Bros Holdings for $2.5 million, according to CoreLogic data.

The sale was settled in mid-October.

The block, sold by Century 21 Gympie, had been on the market for more than three years.

While the company has compiled a large portfolio of projects across the Gympie and Noosa regions over the past four decades, Roberts Bros spokesman Brian Roberts said any development at this new Eel Creek Road site was still some time away.

“Not in the next year or two,” Mr Roberts said.

In this case it was a matter of the company seeing something which could be done “at a later date”.

Not that there was not already some work to be done at the block.

The block, on the market since 2018, was bought by Gympie and Noosa developers Roberts Bros Holdings.

“We’ve done a bit of tidying,” Mr Roberts said.

“It hadn’t been maintained all those years.”

The land was advertised as having the potential to become home to about 130 lots ranging from 500m sq to 700m sq.

A three-bedroom home is already standing on the block.

Century 21’s Bodie Weir said the block needed “some love” and it was good it had been snapped up by local buyers.

The 15-year real estate veteran did not see the region’s market cooling off in the immediate future, either.

“When you look at Maroochydore and Cooroy, the prices are nearly double what you can buy (in Gympie),” Mr Weir said.

“I can see a lot of growth in the Gympie region still.”

The $2.5 million price tag adds to a growing list of big property deals in the region, headlined by a $4.6 million deal for a large vacant block at Tin Can Bay in July.