Why Townsville is heating up for homeowners and investors

There is a lot to be said for Townsville, Australia’s largest Northern Queensland settlement. Few locales can boast such proximity to some of Australia’s greatest natural treasures. Nestled between the Wet Tropics World Heritage Rainforest, the Great Barrier Reef, and the Bowling Green Bay Wetlands, this stunning city offers a unique blend of natural beauty and urban convenience. Known for its commitment to sustainability and environmental conservation, Townsville is not just a paradise for nature lovers but also a burgeoning hub for property investors and homebuyers.

Here at Homely, we get excited when all the signs are pointing to growth and investment in property, and Townsville is one of the Australian cities leading the way. Let’s explore why this Queensland city might just be the perfect place for both investing and living.

Market insights from Townsville local real estate experts: Ray White Townsville

At the heart of Townsville’s real estate market is Ray White Townsville, a leading agency driven by top realtors Santo and Giovanni Spinella. These brothers not only share a close resemblance but a united philosophy that underpins their impressive success in the Townsville market.  “The market is strong and still in an upward trend. There is still better value in buying pre-existing over new builds due to the high building costs still occurring,” says Santo Spinella, a seasoned expert known for his strategic insights into the market.

Giovanni Spinella, co-director and a native of Townsville, specialises in the high-end market and focuses on expanding Ray White’s presence through his auction expertise. The business is a bustling one – anually selling over 125 properties, Giovanni’s ambition is matched by his commitment to fostering a supportive culture within their team. Together, the Spinella brothers champion the mantra “choose your agent, choose your result,” a philosophy that underscores their approach to real estate that prioritises client outcomes and community engagement in Townsville.

So, why Townsville?

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Economic and population growth drivers

Townsville’s growth is buoyed by significant infrastructure developments and private investments that are transforming the landscape. “We’ve found population growth driven by large infrastructure spending and private investment in the area – projects like the expansion of the Townsville University Hospital, the build of a new private hospital in West End catering to specialists, and a port expansion project allowing larger ships,” notes Santo. Additionally, initiatives like the NQ Hydrogen project in the Lansdown Industrial Precinct and the Copperstring project, which connects Mt Isa to the grid, are set to further enhance the area’s appeal.

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Townsville’s natural and urban appeal

The city’s appeal is also bolstered by its stunning natural surroundings and vibrant urban life. “Inner city areas or within 5-10 minutes of the CBD is hot property, as well as the northern beaches side, Burdell, Bushland Beach,” Santo adds, highlighting the most sought-after locales.

Residents enjoy the proximity to natural wonders and the urban comforts the city offers as evident on Homely’s discussion forum.  “Absolutely love Townsville. Close to beautiful beaches, great for walking, swimming, and relaxing. The beaches are fantastic. Magnetic Island is a short ferry ride away and is a must-visit,” shares a resident.

Another resident, Larryg3, praises the city’s picturesque setting, which is ideal for Instagram-worthy posts, coupled with the warm and inviting community atmosphere.

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Lively culture and entertainment

Look out Brisbane, Townsville’s cultural scene is as lively as its natural environment, with plenty to offer in terms of entertainment, especially around the Strand area. Gailh6, a Homely user, loves the Townsville CBD for its accessibility and the array of amenities right on the doorstep, from markets to theatres and museums.

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Family-friendly environment

The family-friendly nature of Townsville is one of its biggest draws. The city offers numerous parks, playgrounds, and attractions like the Townsville Water Park, which underscore its commitment to enhancing liveability for families. According to one Homely user, Zeldal confirms that “Townsville has all the amenities you would expect from a city of this size, great shopping centers, schools and colleges, many sporting and recreational venues, playing field and entertainment centers. There are beautiful white sandy beaches and crystal clear blue waters, simply relax or partake in the many water sports on offer.”

The growing property market in Townsville

As Santo Spinella points out, “Townsville is expected to lead property price growth in Australia due to a combination of high demand and low supply.” With a projected need for approximately 9,200 additional properties to accommodate an influx of 23,000 residents by 2031, the market is ripe for investors. It’s easy to understand why savvy investors and excited home buyers are flocking to Townsville especially when considering the ever growing passion for a healthy and sustainable Australia.

Climate and lifestyle considerations

The tropical climate offers warm, sunny weather most of the year, though potential residents should consider the hot and humid summers and occasional cyclones.

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Discover Townsville: your gateway to investment and lifestyle bliss

Townsville represents a unique investment opportunity and a wonderful place to live, combining natural beauty, urban conveniences, and a community-focused atmosphere. Whether drawn by the potential for property investment growth or the allure of living near iconic Australian natural landscapes, Townsville offers compelling reasons to consider it as your next home or investment destination. Insights from local experts like Santo and Giovanni Spinella at Ray White Townsville provide valuable perspectives for making well-informed decisions about entering the Townsville market.

So what are you waiting for! One-way ticket to Townsville please!

For more on the dynamic duo that is Santo and Giovanni Spinella check out their profiles on Homely and check add to their five star reviews!

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