Has anyone any thoughts on whether Townsville is a good place to purchase an investment property.?
There are large military and army bases there which I believe are due for expansion. The James Cook uni also has several campuses in the town.
Any thoughts would be greatly appreciated.thanks
[blush2]Plenty of projects planned & hoped for in the region as listed below.
I don’t know the timing of the projects, but there are some leads there for you to carry out research.
I don’t live there but have a residential investment property being built and nearing completion in Thuringowa – for Long term hold.An extract from the Townsville Bulletin website, April 12
Townsville Building boom
MAJOR projects committed or on the drawing board:* Stockland’s Waterway Gardens $1bn
* Tabcorp/Consolidated Properties Breakwater Quays $950m
* QNI Yabulu extension $630m
* Honeycombe’s Central (rail yards) project $260m
* Honeycombe’s Itara (Riverway) apartments $140m
* Jupiters Radical Bay resort $70m
* Ross River dam upgrade $115m
* AGL gas power station $350m
* TCC carbon neutral water recycling plant $100m
* Gordon Property’s Blue on Blue resort $120m
* Sunland’s Bushland Beach estate $75m
* Glen Alpine’s Riverside Ridge estate $100m
* Gordon Property’s Nautica apartments $75m
* PJ Group/Matrix Gateway on Palmer $75m
* Fortia Fund’s Dalgety project $65m
* Crackers Corporation’s Watermark $75m
* Cruise ship terminal $50m
* Hedley’s T1 towers $50m
* Reed Property’s Ramada Encore $50m
* Tennessee’s Ban Thai and Waterstone projects $40m
* Glen Alpine’s Solarus project $80m
* Castletown Shoppingworld upgrade $34m
* Thuringowa Riverway project $40m
* Hedley’s Rosslea unit project $30m
* Australian Technical College NQ $9m
* Sun Metals extension $650m
* Chalco alumina refinery $1.3b
* JCU residential project $250m
* JCU commercial project $40m
* Jezzine Barracks apartments n/a
* Riverway project hotel $40m
* V8 supercar project $8m
* JCU secondary college $20m
* Dive ship project $15mAlso in relation to a proposed new alumina refinery for Qld, there was this extract from the Townsville Bulletin website April 13
Resource rich city
By TONY RAGGATT
13apr06“Labour and infrastructure give Townsville a good case to be selected as a preferred site for a $1.5 billion alumina refinery, Townsville Enterprise CEO Glenys Schuntner said yesterday.”
“The Aluminium Corporation of China (Chalco) is proposing the refinery plan, involving the mining and washing the raw bauxite at Aurukun on Cape York and transporting it to a refinery to be built at Townsville, Bowen or Gladstone.”
“Chalco is due to have its final proposal to the State Government by the end of May when it is expected an announcement will be made on a preferred site for the refinery.”
My fingers are crossed for it to happen of course!
RalfHi Whatson,
I have a house in Townsville that has done quite well over the p[ast couple of years (as the Brisbane Market was cooling off).
There is an interesting PRD Nationwide report on Townsville listed on the reports page of my website. http://www.freepropertyhelp.com.au
Todd Burns
http://www.freepropertyhelp.com.auThanks for the great replies.
I have two houses there and would recomend it. I gained 23% Capital growth on both of mine last year which made me very very happy!
If you need any tips or contacts up there let me know, I’ll be glad to help…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Today we have bought off the plan apartment at Fairfield Waters due for completion in June 2007. The site is at http://www.fairfieldwaters.com.au/.
The response in this forum and our research indicate that Townsville is growing. Hoping that we made a good decision.Originally posted by ralf:Plenty of projects planned & hoped for in the region as listed below.
An extract from the Townsville Bulletin website, April 12
Townsville Building boom
MAJOR projects committed or on the drawing board:* Stockland’s Waterway Gardens $1bn
* Tabcorp/Consolidated Properties Breakwater Quays $950m
* QNI Yabulu extension $630m
* Honeycombe’s Central (rail yards) project $260m
* Honeycombe’s Itara (Riverway) apartments $140m
* Jupiters Radical Bay resort $70m
* Ross River dam upgrade $115m
* AGL gas power station $350m
* TCC carbon neutral water recycling plant $100m
* Gordon Property’s Blue on Blue resort $120m
* Sunland’s Bushland Beach estate $75m
* Glen Alpine’s Riverside Ridge estate $100m
* Gordon Property’s Nautica apartments $75m
* PJ Group/Matrix Gateway on Palmer $75m
* Fortia Fund’s Dalgety project $65m
* Crackers Corporation’s Watermark $75m
* Cruise ship terminal $50m
* Hedley’s T1 towers $50m
* Reed Property’s Ramada Encore $50m
* Tennessee’s Ban Thai and Waterstone projects $40m
* Glen Alpine’s Solarus project $80m
* Castletown Shoppingworld upgrade $34m
* Thuringowa Riverway project $40m
* Hedley’s Rosslea unit project $30m
* Australian Technical College NQ $9m
* Sun Metals extension $650m
* Chalco alumina refinery $1.3b
* JCU residential project $250m
* JCU commercial project $40m
* Jezzine Barracks apartments n/a
* Riverway project hotel $40m
* V8 supercar project $8m
* JCU secondary college $20m
* Dive ship project $15mYou managed to miss the Federal Governments De-Salination Plant which will be commenced at the completion of the Yabulu Upgrades and the Power Station. John Howard announced it at a business luncheon and it slipped through the medias radars or was chosen to be ignored due to the Labor Scare Tactics and campaign against the A.W.R. Legislation at the time. He basically said if Peter Beattie won’t do what is neccessary for both the farmers and everyone else and ensure a water supply the Federal Govt will…
All Politics aside though it is a great thing for North Queensland and particularly Townsville as it means the neccessary infrastructure will be in place to ensure long term viability for industry. They are also increasing the amount of Military Personnel posted to the region and rumour is rife the Americans are setting up a base at Rollingstone, which will be home to 10,000 to 20,000 of their Military Personnel. That means massive new infrastructure and housing requirements if it proves to be correct. With the influx of Southern Workers moving north for the better climate and the work opportunities in the mining and industrial sectors i.e; Yabulu upgrades etc; the housing market is already in under supply in the region so the return for the astute investor can be as high as 7% Why would you not wish to invest in the region? Add the return to deprecition and constantly increasing Rents and you may have a positive Cashflow….
General advice only, intended for entertainment purposes only not financial or investment advice. Much of this information is Rumour and Conjecture and persons ahould do their own due diligence and investigations into the truthfulness of the information in this post.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Originally posted by Stuart Milne:I have two houses there and would recomend it. I gained 23% Capital growth on both of mine last year which made me very very happy!
If you need any tips or contacts up there let me know, I’ll be glad to help…
Hi Stuart,
Sorry I know this is an old thread, but I found it whilst searching the forums for info on Townsville.
I’m currently researching the Townsville area and I would really apprecate it if you would post or msg some tips…?? [lmao]
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