Building boom in resort town

Nine projects are being marketed in the holiday town this summer and two-thirds of the apartments have been sold.

The blocks will add 220 apartments and many ground-floor shops to the downtown Mount area.

They will provide permanent living and visitor accommodation, and range in size from 76sq m to 300sq m.

They are selling for between $400,000 and $3 million.

The apartment-building boom comes after a lull of nearly two years.

Developer Bain McDonald, who is behind three of the nine projects, said people who believed the Mount should never change would not like the new developments.

Read More - Opens in a new window