Cooktown Real Estate: Ad tells investors to 'cash in' on rural Queensland's ... trends now
A real estate ad encouraging investors to 'cash in' on rural Australia's housing crisis has infuriated people struggling to find a place to live as house prices and rests soar.
Cooktown Real Estate listed the three-bedroom home in the far north Queensland town for $520,000 - but it was the description of property which drew anger.
'Cash in on Cooktown's housing shortage and purchase this excellant (sic) rental investment,' the ad reads.
'This modern home is in a central location with an existing government tenant.
'With limited properties for sale and severe rental shortage, well built homes are in demand.'
The ad then lists the features of the home, including its 'sturdy rendered concrete'.
An ad (above) by Cooktown Real Estate for a $520,000 home