BUSINESS confidence in south east Queensland this week received a fillip when leading regional property advisory and valuation practice Heron Todd White – Darling Downs – announced it would merge with Toowoomba-based property and advisory firm, Stantons Valuers.
Speaking at a breakfast venue at Toowoomba’s City Golf Club, Heron Todd White director David Nilon said the merger offered “increased levels of serviceability” for all of our clients –a point echoed by Stantons’ Brad Neil who underscored how the new trading arrangement would be enhanced by its offices in Toowoomba, Dalby and Warwick.
The bullish move has taken place against a back drop of regional uncertainty over water supplies, now allayed since the opening of a $187m pipeline that recently connected the Garden City with Wivenhoe Dam at a cost of $187m.
“Over the last few years we believe the market has been adversely affected by the lack of a permanent water supply - so we see its completion as a major benefit going forwards,” Mr Nilon said.
Heron Todd White’s Darling Downs office concedes the rural property market has been relatively slow over the past 18 months.
But with cattle prices on the improve, and the season likely to benefit from recent rains, Mr Nilon said it was “a generally positive outlook” for 2010.
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