FAQ

Property Prices 12 months to February 2012
House Median Prices:
Mount Louisa – $390,000
LGA Townsville – $355,000Long Term Trend:
Mount Louisa – 11.2%
LGA Townsville – 9.9%
* Based on sales reported to Australian Property monitors LGA = Local Government Area

64,000 extra residents in greater Townsville over the 16 years to 2026 supports demand for:

  • 21, 000 new Dwellings…..this means new suburbs
  • Approx. $4.2 billion new residential mortgages
  • $640 million new annual retail spending (new shopping centres)
  • 6 new cinema screens
  • 45,00 extra nurses
  • 380 extra primary teachers
  • 90 extra GPs
  • 29 extra dentist

Source: KPMG report from Bernard Salt

Tightening on the rental market – the on-going rate of rental demand exceeds their low rate of new supply. The latest vacancy rates stand at 2.4% for houses, 3.3% for units and 2.8% overall.
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