Overview Townsville property market has experienced growth across all residential categories of homes, units and land in month of October 2022. Growth in prices in the 3 to 5 bedroom homes category for the month of October 2022 is an average 10%. Growth in the 3 bedroom house price category achieved an
Residential
Residential category
Townsville property market confidence flooded on national affordability crisis
Townsville property market in national context The Townsville property market has enjoyed better days when building approvals and existing dwelling transactions and median house prices were much higher than they are now. However, North Queensland’s peak marketing and political lobby organsation has said confidence is returning to the Townsville property market because
Property managers and Tenants alerted to tenancy changes
Property Managers and Tenants alerted to RTA changes Property managers and Tenants have been targeted by the Queensland Residential Tenancy Authority (RTA) with enhancements to its bond lodgement system to speed up processing times. The RTA is rolling out a suite of digital services and enhancements for tenants and property owners/managers to
Townsville property market update September 2019
Townsville Property Market Assessment The Townsville Property Market Update for September 2019 by Herron Todd White (HTW) paints a cautiously hopeful picture of economic growth and property price activity. Townsville projects, natural disasters and population Based on the future pipeline of projects, reactionary impacts from natural disasters on positive employment from the 2019
Home lending industry criticised by securities and investments watchdog
Home lending watchdog barks correction from brokers The home lending industry have come under fire from the Australian Securities and Investment Commission in its recent report, Looking for a mortgage: Consumer experiences and expectations in getting a home loan. ASIC research highlights the importance of reforms for mortgage brokers and home lending. As
Home building starts slump under State government regulations
Home Building Slump Home building starts have slumped across the construction sector driven by State government stamp duty policy impacting foreign investors, tighter credit conditions and regulations, the Chief Economist for Master Builders Australia, Shane Garret reported. There is no immediate end in sight to the new home building slump but a
Townsville residential property market 2018 review
Townsville residential property Townsville's residential property market in December 2018 has not progressed much further than the market conditions at the beginning of the year. The market remains in recovery phase. What has been driving the optimism is mining and government investment in the North Queensland stadium and the Haughton River water pipeline
Townsville Home owners offered government handouts for home improvements
Townsville home owners targeted Townsville home owners living within 50 kilometres of the coast that qualify for the State Government's Household Resilience Program funding criteria could be eligible for up to $11,250 in handouts to spend on home improvements. Townsville and Residents and Ratepayers Facebook Group representative, Mr. Peter Newey expressed concerns about
Social impact investing designed in Turnbull national housing plan impacting North Queensland
Federal housing policy governance and finance Social impact investing and the Turnbull government’s replacement for the failed National Rental Affordability Scheme (NRAS) has been announced by the federal Assistant Treasurer in the National Housing Finance and Investment Corporation (NHFIC), as planned in the federal budget. Although the Turnbull government scheme is defined
First home buyers get leg up from Turnbull Government
First home buyers super savings First Home buyers are set to receive a boost to their home saving options as the Turnbull government's plan for a First Homebuyer Super Saver Scheme (FHSSS) passed the parliament, and older Australian are allowed to contribute money from the sale of their family home into