If you are looking to invest in property here are 10 reasons why we think you should look at Townsville
Townsville has become Queensland’s largest service centre after Brisbane and currently has $54 billion of committed infrastructure projects across mining, construction and transport.
It’s populations growth is strong at 1.9% per year, 40% growth is expected over the 20-year period from 2011 to 2031, representing an overall increase of around 108,000 residents.
Diversity of Economy
It is probably the strongest and most diverse regional economy in Australia. Well located and is a major service centre.
Supply and Demand
Strong demand appears to be reasonably
well met by supply at the moment. The region will need more dwellings on an ongoing basis.
Much of Townsville’s appeal is in the wonderful lifestyle benefits of living in the tropics with good access to Barrier Reef islands, national parks and the beautiful Queensland coastline.
Townsville has strong sporting traditions, most prominently in Rugby League and facilities for less structured activities like swimming, boating, cycling and skating creating a well rounded leisure outlook.
The city has well tailored educational programmes, ensuring that local residents can pursue their career and lifestyle of choice close to home.
A major plus for the city is the capacity of Townville Airport. In addition to direct and connecting flights to east coast capitals, several smaller airlines offer direct flights to mining towns and remote mining sites. This has made Townsville popular with FIFO mining workers who are easily able to access Townsville’s lifestyle.
Estimated Rental Yields
A strong market with good supply. Yields are likely to remain weak at the top end of the market and keep track with pricing in affordable dwellings.
A wide variety of stock available. Problems at the top end have brought them back into line and many areas remain widely affordable.
Queensland ‘super’ councils have a wider range of issues to deal with than in other states. Given their broad scope, council is managing growth and infrastructure issues well.
Projected Capital Growth
Growth is almost inevitable given the powerful blend of economic growth drivers. Affordable areas look set for attractive capital growth.
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