Purchasers and Property Investors keep an eye on Eden. With the announcement that the Port of Eden will receive a major upgrade to expand its capacity as the only safe deep water port between Sydney and Melbourne the community can expect a major boost to the economy. The Merimbula News reported this week that the Member for Eden-Monaro Dr Mike Kelly visited the port and said the upgrade would expand the port’s capacity to handle large cruise ships, more bulk freight and more supply vessels for the Bass Strait oilfields. He said that the upgrade would be a massive boost to the local economy and the wider region, with cruise ship arrivals expected to increase ten-fold to 50 every year. The expansion will go ahead thanks to a $10 million federal grant that forms a major part of the investment.
Dr Kelly said “The Port of Eden is a fantastic asset for us, the best deep water port in Australia, and we will finally be taking advantage of its potential.” Dr Kelly said the project would generate 45 new jobs in its construction phase and 151 ongoing jobs upon completion.
As part of the $24.5 million project, a fixed panel wave attenuator will control the waves to protect a 150 metre-wide navigation channel into the port, and a 500-metre pedestrian boardwalk will connect the port with the tourist and community precincts of Snug Cove and Cattle Bay. 2000 passengers are expected to land in Eden every week and more small boats are expected to arrive at the port as recreational sailors will get safe moorings in Eden.
House prices are currently very competitive in Eden and with a development boost of this size potential purchasers and property investors should seriously consider the town of Eden for their next purchase. Call Fisk & Nagle First Choice Real Estate on 1800 For Sale to arrange an inspection of suitable properties in Eden.