 Over the last 30 years property values in the area have reached into the millions of dollars as it is a prime location for holiday houses and retirement, like many other coastal areas within close proximity of a major city.Some heritage sites, including the Ferry Masters cottage at Wagstaffe have been illegally demolished and developed despite council attempts to prevents this; prosecution of the developers was unsuccessful due to a technicality.In late 2007 a scheme to develop the existing marina was presented to the community by the Marina's CEO, Michael Sparks.