Townsville's unit market remains flat: Herron Todd White

Townsville's unit market remains flat: Herron Todd White
Townsville's unit market remains flat: Herron Todd White

The unit market in Townsville remains flat according to Herron Todd White, who see marked fluctuations over the past five years driven by the clear out of distressed developer stock and number of new unit releases.

Herron Todd White's September Month in Review said construction costs has forced developers to reduce the size and scope of their product to meet a price point. 

"Another factor to impact the unit market over the past years has been the impact of escalating body corporate fees," the report noted.

"Our current assessment of the unit market is that it remains relatively flat overall at a combined total of around 50 to 60 new and established unit sales per month. 

"Our unit survey as at the June quarter indicates a supply of 84 new developer units available for purchase. Current supply consists of three new units available in the CBD and 81 in suburban developments (within developments of 20 or more units)."

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Apartment Sales Unit Construction

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?