BUYERS are expected to flock to an auction in Buronga next Saturday, when a “standout” riverfront block goes under the hammer.
The block, at 10a Carbone Court, offers absolute river frontage within a few minutes of the Mildura CBD, bringing together the most sought-after aspects of life in Sunraysia.
Real estate agent Paul Modica said it was one of the most exciting properties he had looked after in a while.
“It’s absolutely as rare as hens’ teeth,” he said.
“You’ve really got a 180-degree view of the river.
“It’s a pretty rare commodity to come across – there’s very few riverfront properties, and this one is just 2.6km from the Mildura post office.”
But while the property is within easy driving – or boating – distance of amenities, Mr Modica said the river was the real drawcard.
“If you’re keen on water skiing or fishing or you just genuinely want to wake up to having a look at something pretty magnificent instead of somebody else’s front door … it gives you that real sense of space,” he said.
“If you are the owner of the property and you own a houseboat … you get a mooring site as well, so that’s a bit of a plus.”
The 520sq m block, with dual water, power and sewer, goes to auction at 11am on March 20.
According to Mr Modica, there had already been interstate interest in the property, which was expected to go for well over the $800,000 mark.
“I don’t think you can overcapitalise,” he said.
“It will always hold its value.”
Buronga and Gol Gol have become hot property in recent years as buyers look to embrace the riverside lifestyle amid a nationwide housing boom.
“Over the last 20 years it’s changed dramatically,” Mr Modica said.
“Gol Gol has tripled in size from when I was a kid, when there were dirt roads – I would say in the last four years there would have been over 250 homes built in and around Gol Gol.
“Prices are being pushed up, whether that be because of people wanting to get out of the city, or the fact that money in the bank is just not generating the return that people want and so they’re going to buy investment properties.”
