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Ayr might not be a bad place to get into, the other places worth a look is Charters Towers or Ingham, both a little over an hour from Townsville, with the Adani/ Abbot point [ north of Bowen] coal terminal and railway approval this week from the Federal govt. demand on housing will happen. They are looking to spend $15 Bil, and need 5000 workers, then there is GVK power 3000 workers with a similar project. Charters Towers is looking like being a service centre being not too far away from the action. The knockers claim it will be all flyin fly out but that sort of investment will attract a lot of activity and demand for housing , charters Towers having 7 Excellent schools is the obvious centre to house people not involved in the FIFO program.
Bowen will be in the thick of it, but the horse may have already bolted there. These approvals have been anticipated for some time and have finally happened.
Inghams location is 20min from the beaches, has a $500mil new sugar mill approved, but is close to Townsville. Been on a downer for some years but showing signs of recovery, having major mining and infrastructure commencing will impact these regional towns, as not everyone wants to be in bigger centres who work on these projects.
Adrian throw an add on Gumtree, i found there are litterally dozens wanting work in Townsville, and a lot willing to travel. Certainly a turnaround from a few years ago when they all thought they were worth gold.
Mate not quite sure youre going to be going down the road of prosperity with buying in that part of Townsville unless you can see a profit in adding value quickly. For a safe investment property without spending too much i would be looking at a renno in Ingham a bit over an hour nth of Townsville. It has been in the doldrums for a while but is now showing signs of picking up like the rest of Nth Qld. The new $500mil sugar mill is looking more likely to proceed. Ingham being landlocked has had no or very little subdivisions done for many years and is primed for a housing shortage. The other town worth a look is Charters Towers, not because of the 4 potential coal mines proposed for the area south and west of the town but because it is a solid town good proximity to Townsville , at least 6 good schools, over 10000 population, and still priced where there is a dollar to be made.Don't mix up where you want to live with where you want to invest. Just my take on it.
Henry thats not a bad price, would be keen on hearing if you can find a better price, try RACQ they now have full flood cover, i've found them ok. Insurance is becoming a huge cost for property investors, a cost which needs constant checking, Insurance co's seem to be able to charge what they like. The only voice we have is to dump the rip off ones and support the one's that want your business.
Last couple of weeks i’ve had renewed interest in buying after stopping for several years, theres some good deals out there with motivated sellers around .Negotiating a house purchase this week in Nth Qld. Good to be buying without the hype and frenzy we saw in the last property boom. With the change of govt in Qld and the carbon tax pushing up the price of new houses and land , its a safe bet buying positive cash flow renters right now. in my humble opinion. Any one else looking in the sunny Nth Qld???
Hi Solacious I’ve been investing in property in Ingham since 2004, can give you a reasonably accurate insight to the town and investment prospects if your interested, are you new to investing or experienced. I,ve only just started becoming interested in increasing my portfolio of property , i stopped buying once prices increased too high in the frenzy before the crash.
