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10 Jul 2018

Property demand in Townsville on the rise

Now is the time to buy in Townsville

Jazz Homes has been creating viable, quality new home investment opportunities for Townsville investors for many years. Backed by the Jazz Homes Structural & Termite Guarantees and 12 Months Maintenance Free Period, Jazz Homes has been long regarded as Townsville’s most respected new home builder.

If you’ve been considering purchasing an investment property in Townsville or deciding if to build a new home – you’ll welcome recent real estate news reports.

Following the recent release of the Queensland state Governments budget and funding awarded for key Townsville infrastructure projects such as the Townsville Stadium, Solar Projects and more. Townsville’s job market is improving steadily and Realestate.com.au’s Property Outlook and other various economic reports place Townsville on the fringe of growth in the property sector.

Realestate.com.au detail demand for Townsville listings have increased by 10 per cent according to new figures released.

Realestate.com.au chief economist Nerida Conisbee said job growth and investor interest could be behind the increased demand for Townsville listings.

“It’s often driven in regional area by job growth and when we see job growth we see an increase for rental demand and then buyer demand,” she said.

“Potentially there is also some investment demand as well because after the downturn we have seen in regional areas after the end of the mining boom, that is now starting to turn around.”

This is backed up by a recent purchase of a block of 10 units has been snapped up by a Sydney-based buyer for $920,000 as investor activity heats up in Townsville.

Mr McDonough from M Property Townsville said both local and southern investors were becoming more active in Townsville’s market with several of his listings attracting investor interest.

“I’ve got other listings on my books that I’m also getting inquiries about from investors,” he said.

Ms Conisbee from realestate.com.au said it was expected that demand for Townsville property would continue to increase. This is good news for investors or owner-occupiers looking to sell prior to moving onto a new property.

Jazz Homes has display homes open 7 days per week, 9am – 5pm in Harris Crossing and North Shore. Visiting a display home is a great way to access a builders capabilities and quality of finish, as well as giving you the overall feel of a home.

If you’re looking for ideas for your next home or investment or would like to obtain a quote – come in and see one of our friendly staff today.

 

 

Information Sources: Townsville Bulletin, Digital Edition: 07.07.18; Realestate.com.au

 

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NORTH SHORE
North Shore Display Village
Barramundi Circuit, Burdell
Phone: 1300 805 255

HARRIS CROSSING
Harris Crossing Display Village
Crystalbrook Place, Bohle Plains
Phone: 07 4723 3338

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