Record property sale

AN unimproved waterfront block of land in Buronga has sold for a record $850,000.

A block of land on Hendy Road in Buronga sold for a record $850,000.

A block of land on Hendy Road in Buronga sold for a record $850,000.

Nine bidders registered to compete for the 1.04-hectare block of land, with a reserve price of $550,000.

PRD Nationwide director Richard Wyatt said the sale price set a new record for waterfront land in Buronga and showed confidence was returning to the market since the 2009 Global Financial Crisis.

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