Beach blocks on market for $200k

An aerial photo of Salt Village on the Tweed Coast.
An aerial photo of Salt Village on the Tweed Coast. CONTRIBUTED

PROPERTY sales have boomed in Salt this summer with more than $11 million turned over.

The surge in sales comes on the back of a receiver sale marketed by Ray Real Estate and Colliers International with some prices cut by more than 50%.

The creek side and beachside releases were made available over Christmas and New Year, the first land releases in Salt Village in almost five years.

"Salt Village is really a unique offering for those who want to secure a beach home at an affordable price," Ray Real Estate director Tom Ray said.

"The new creek side land release has made coastal living even more attainable for entry level purchasers."

Mr Ray said it was rare to find land close to the ocean in the $200,000 bracket.

"A number of our most recent buyers have been people who had visited Salt Village pre-GFC and decided that beachside property prices were beyond their reach but have now reconsidered," Mr Ray said.

Receivers were appointed to unsold land in Salt Village in March 2010 when Capital Finance, the Australian arm of the British Lloyds Banking Group, withdrew their support for the project.

Mr Ray said he expected the remaining lots to sell quickly.

Topics:  land salt

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Debbie the second most costly cyclone in Australia's history

The Insurance Council of Australia says the cost of Debbie's damage is second only to Cyclone Tracy which devastated Darwin in December, 1974.

$1.71 billion to fix damage from Townsville to Lismore

How to stop Facebook from grabbing your data

How Facebook can grab your data, and what to do to stop it

Billie is back home for a Peepshow with Circa

SHOW: Circa will offer the world premiere of  Peepshow  in Lismore.

Mullumbimby performer is back with show's world premiere

Local Partners