Townsville

The Smartline Report – July Edition

The month in review: Townsville

By Herron Todd White
July 2015

Houses in the inner city localities of South Townsville, North Ward and Belgian Gardens would be desirable locations for a $500,000 investment with key projects including the Stadium and Entertainment Precinct in the CBD and the Townsville City Waterfront Priority Development Area being mooted for the city. Houses in these areas are typically older style homes having undergone some upgrading or renovating and are generally more appealing to the owner-occupier market. Housing investor stock in these areas typically results from owner occupiers relocating out of town but still desiring to hold onto their properties, hence placing them on the rental market.

For a $500,000 investment, the modern middle class suburbs of Idalia, Annandale and Douglas would provide a good quality masonry constructed home that would appeal to both owner occupiers and investors. These areas are in close proximity to major employment hubs including the Lavarack Army Barracks, Townsville Hospital and the expanding James Cook University and its Discovery Rise precinct. These suburbs provide modern lifestyle facilities including parks, barbecue facilities and walking and bike paths.

From an investor perspective we have seen an increasing trend in the construction of new duplexes over the past 12 to 18 months within the developing residential areas. These are typically 2 by 3-bedroom configurations providing dual income stream and flexibility for owner occupation on one side while deriving an income from the other side. Entry level into these modern style investments typically starts in the low $600,000s.

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Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © Smartline Home Loans P/L 1999 – 2015. Australian Credit Licence Number 385325

 

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