Townsville has been stagnant for a number of years, but it cannot become a ghost town [it is continuing to grow] so there is a floor to the market, unlike Mackay which felt the mining slump badly.
Lavarack Brks. is now the largest army base with the 2nd Cav moving in and still not permanently housed.
There are better areas than Kirwan with it's high crime rates though.
Investment Property Townsville, QLD
Region Snapshot
Townsville is a region in Queensland, Australia. Townsville has a population of 174,462 people and 37.32% of its occupants live in rental accommodation. The median listing price for houses is $379,000 and this has changed -2.70% over the past year and changed 2.77% over 2 years.
The median rent in for houses is $350 per week and the median rental yield is 4.80%. Stock on the market for houses/townhouses has changed -4.18% compared to last year and the average time to sell a house/townhouse is 160 days.The median listing price for units is $295,000 and this has changed -1.34% over the past year. The average unit takes 238 days to sell and the median rent for a unit in Townsville is $300 per week, producing a rental yield of 5.28%.
