Any advice on Maryborough QLD

I have a client who has been offered a trade proposal for a small commercial property in Maryborough. Its on the fringe of the CBD, reasonable tenancies etc and I've looked into flooding. I'm wondering if anyone can offer any opinion or point me in the right direction to research the medium to long term viability or outlook for the city? Any traps for a young player in the area? etc Thanks in anticipation
 
Rowena who posts infrequently, is from Maryborough. Might pay to message her and prompt her as she is pretty savvy with the area.

pinkboy
 
YEP Im a slacker!!! :p But i get in read every so often ;)


Already PM'd Paul back. But yes I live here!

Oversight of Maryborough for everyone else....

Unemployment rate for wide bay i just read 14.5% ( will include bundy, hervey bay and maryborough) ... national average is 6.3% for Feb 2015. Houses are cheap. Wont make huge capital gain in next couple of years til we get some industry back here. Walkers/EDMI are very reliant on contracts they can win. They just wound up building some WA trains, but scored a smaller contract somewhere else (in the news 2 months ago?!). The TAFE is pretty much been closed down and moved to hervey bay and USQ uni. Small town, very clicky. everyone knows everyones business. And qld government is all about merging entities and cost saving atm. I know one particular area the australian regulator has done cost cuttings of +30% for NSW market, and QLD is expecting the same, which means a huge slash of jobs regionally. Already seen 100+ people gone from this industry alone in Maryborough.

Cane farming is becoming a dying industry here. All the farms at hervey bay have been devloped for housing. Cost of watering cane is high due to electricity prices. some other smaller producers around the area.

Really need some new industries for this area in order for the town to survive. Average wages would be 40K or less. Lots of people on unemployment etc etc.

residientially, Turning up to open homes, which i have been doing in the past couple of months, im the only one there. People seem to be going for a look, or just not interested in the 300K+ market. The under 200K market a lot more interest.

prices sky rocketed in 06-07, and huge drops in prices since then in some places.


Hope this helps!...

Rowena

Rowena who posts infrequently, is from Maryborough. Might pay to message her and prompt her as she is pretty savvy with the area.

pinkboy
 
I went to school there and lived there in the 90's. Recently went back and was shocked at the movement downward. Can't give birth locally now - got to go to Hervey Bay. There are some lovely areas and wonderful houses but parts of the main street look dead especially with the huge shopping centre in the middle now - it killed the other shopping centre. To me it looks like it is well and truly on the way out. Hervey Bay won the race of those two towns for sure!
 
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