Townsville sees shallow top end property market: HTW residential

Townsville sees shallow top end property market: HTW residential
Townsville sees shallow top end property market: HTW residential

Townsville’s top end eye candy property is a relatively shallow market with the majority of prestige stock falling within the $1 million to $2.5 million price range, according to the latest Herron Todd White (HTW) residential report. 

The report notes these swoon-inducing properties typically offer elevated aspects and ocean views with well above average levels of accommodation and fit out.

Improvements include features such as pools, architectural design and good outdoor living areas, along with extensive main living areas.

"To date in 2019 the highest settled residential sale recorded was for a property located on Castle Hill, which transacted for just over $1.5 million," the valuation firm said. 

The architecturally designed property at 37 Yarrawonga Drive (pictured below) offers sweeping views over Cleveland Bay and comprises five bedrooms, three bathrooms and an inground pool.

Townsville sees shallow top end property market: HTW residential

There are currently a number of properties listed on the market with asking prices over $1.5 million within the North Ward and Castle Hill areas along with some located on Magnetic Island, the report noted. 

"An exceptionally large architecturally designed house in Annandale comprising six bedrooms and five bathrooms with views over the Ross River is currently on the market with an asking price of $2.4 million negotiable," the valuation firm said. 

The property at 3 Fairlight Crescent (pictured below) is built over three levels with a reported total floor area of over 900 square metre including four-car accommodation, pool, theatre, lift, C-bus electrical system and self- contained living to the lower level.

Townsville sees shallow top end property market: HTW residential

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Townsville Prestige Market

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