Townsville housing market rises by 4.6 percent: REIQ

Townsville housing market rises by 4.6 percent: REIQ
Townsville housing market rises by 4.6 percent: REIQ

Townsville had a buoyant market in the final quarter of 2016 with the median house price growing an impressive 4.6 percent to $345,000, according to REIQ's latest report.

The area is set to benefit from considerable infrastructure and government spending programs, including the $250 million football stadium.

It will also benefit from the planning for the $1.6 billion Port of Townsville project, which will help employment figures and stabilise business confidence.

The unit market held steady this quarter at $260,000 and while there was zero growth this quarter there was also zero contraction.

Unfortunately, the market has contracted 4.3 percent over the year and compared with five years ago, has contracted 16.2 percent.    

A four bedroom house at 15 Banyan Court, Annandale (above) has been listed for $395,000.

It last sold on February 2013 for $360,000.

Similarly a four bedroom house at 45 Allen Street, South Townsville (below) has been listed for $329,000.

It last sold on August 2013 for $320,000.

Townsville housing market rises by 4.6 percent: REIQ

A four bedroom house at 14 Hasson Street, Kirwan (below) has been listed for $375,000.

It last sold on October 2006 for $330,000.

Townsville housing market rises by 4.6 percent: REIQ

A three bedroom house at 19 Harvey Street, Gulliver (below) has been listed for $325,000.

It last sold on November 2016 for $180,000.

Townsville housing market rises by 4.6 percent: REIQ

A four bedroom house at 24 Gadsden Loop, Mount Louisa (below) has been listed for $354,000.

It last sold on February 2013 for $419,750.

Townsville housing market rises by 4.6 percent: REIQ

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Reiq Townsville

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