Townsville property tops search

first_imgSquadron Leader Damian Gilchrist fly’s over Townsville in the Next Generation hot air balloon ahead of the sky show. Castle Hill. Picture: Zak SimmondsBUYER interest in Townsville is causing a stir online with the city boasting the number one searched property going to auction in Queensland last week on five-bedroom, three bathroom home at 27 Alexandra Street in North Ward is one of Townsville’s most beautiful Queenslanders which has been expertly renovated.27 Alexandra Street, North Ward.Despite a strong turnout at the auction, the property was passed in and has now been listed for sale for $2,000,000.It’s understood several interested buyers are circling the home.Regional housing markets hit heavily by the mining downturn, including Rockhampton, Townsville, Mackay and Gladstone, have performed poorly over the past year and five years.27 Alexandra Street, North Ward.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020But REA Group chief economist Nerida Conisbee said the most searched house in Queensland last week on was in Townsville.“I’ve got a feeling some of the premium housing suburbs are starting to take off,” she said.“There are a few pockets there that are starting to show signs of recovery.”REIQ chief executive Antonia Mercorella urged the state government to reinstate the first home buyers grant for established housing in regional Queensland.“We know there’s a lot of great stock available but you’ve got first home buyers who are being locked out and driven to build new housing, and that’s the last thing regional markets need,” she said.27 Alexandra Street, North Ward.Ms Mercorella said there was a significant divide between the southeast corner and the rest of the state, but green shoots of recovery were starting to sprout in some areas.“I feel like most of regional Queensland has reached its bottom,” she said.“Some are bouncing back faster than others, particularly those that haven’t been exclusively reliant on the mining sector.”last_img

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