Hervey Bay booms and finds its SOUL.

Brisbane, Feb 15, 2008 (ABN Newswire) - Once a quiet coastal town, Hervey Bay has now become one of the most sought-after locations in Australia. The region's population growth, the fastest on the eastern seaboard has been rising at 5% annually. Beyond this is the Bay's burgeoning tourism industry with over 1 million visitors each year and climbing.

"There have been several reasons for this growth," local developer Tom McGarry said. "Affordability, improved infrastructure such as the upgraded airport and of course some of the most beautiful natural waterscapes on the planet."

Situated at the southern end of the Great Barrier Reef, the bay offers numerous aquatic and recreational activities. From sailing, fishing, scuba diving, snorkeling, boating, golf, cycling and bushwalking, Hervey Bay is a lifestyle haven unmatched by any other location.

Gateway to the world heritage listed Fraser Island (the world's largest sand island), Hervey Bay is also the stage for the spectacular viewing of migratory humpback whales.

This water wonderland has been turning many of its visitors into permanent residents. Tony Sprake of Sprake Real Estate Hervey Bay, has seen some impressive returns from the local property market. "Over the last 4 years we have seen increases well over 40%. If the property has ocean views then the potential is even greater. We are now seeing more million dollar properties on the market. This was unheard of just a few years ago."

"With the population expected to rise from 52,900 in 2007 to over 80,000 by 2021, now is a great time to invest in property," said Tony. One of the newest investment opportunities for potential investors is centrally located in Hervey Bay - a boutique development, aptly named SOUL.

"SOUL is a premium beachside development of only 30 luxurious residences featuring 2 and 3 bedroom apartments, plus two magnificent penthouses," developer Tom McGarry said. "Positioned only 20 metres from the tranquil calm waters of Torquay Beach, SOUL offers an unparralled opportunity to relax and unwind." Located on Hervey Bay's famous Esplanade, which stretches for 16km along the picturesque foreshore, SOUL is close to an abundance of restaurants, cafes and shopping.

Builder Michael Casey is quick to highlight SOUL's outstanding features. "Many of these architect designed residences have expansive water views and all offer generous outdoor living spaces with either private gardens, courtyards or spacious balconies," he said.

Created with modern living in mind, each apartment encourages human interaction with large open plan living spaces. Investors also have the option to secure their apartment professionally furnished by an interior designer to further boost potential returns.

SOUL's interiors have been designed to reflect the premium quality of the development with elegance in every detail. "I was determined to select materials from the finest selections of stone, glass, tile and carpet along with quality appliances," said Michael.

The gourmet kitchen features the highest quality European appliances and first-class cabinetry, while the bathroom and ensuites include luxurious tapware and fittings, stone benchtops and frameless showerscreens. Each apartment also conveniently includes an internal laundry with dryer.

The two top-floor penthouses also feature expansive balconies of up to 47 sqm, not to mention private outdoor spas for the ultimate indulgence.

The development has been landscaped with tropical gardens which surround two beautiful private resident pools. SOUL also includes chill out areas and bbq facilities for entertaining guests, a gym and secure parking and building access.

For more information contact:
Tom McGarry
TEL: +61-431-486-077