2013 TOWNSVILLE 2014 PROPERTY REPORT
A word from Brad Matheson
It’s been an exciting year for real estate in Townsville with momentum building as buyers are being priced out of the capital cities and are seeing Townsville as offering better value. While our recovery is off to a slower start than the capital cities, present indications suggest that 2014/2015 is likely to be the first year of the next growth cycle. The market over the past 12 months has been steady and demand from investors and upgraders has been increasing. The number of house sales has risen compared to the previous year however the number of apartment sales has decreased. Rental yields are a very attractive 5% for both apartments and houses, which combined with extremely competitive home loan interest rates, have resulted in more investor activity from both locals and southerners in 2014. The results in the premium end of the market are raising confidence with 17 properties sold for $900,000 and above this financial year. After 17 years with another group, this year our business rebranded and became part of the McGrath Estate Agents network. As the owner of this business and after 25 years in the Townsville real estate market, I wanted to raise the bar and provide six-star marketing and services to our clients. To maximise our sales results and our investors rental returns, we needed to do more than what the Townsville market had witnessed in the past. Our recent record prices are a result of the quality services McGrath Townsville supports our clients with. Please enjoy this report and I hope it assists in keeping you abreast of the real estate market in our wonderful city.
Brad Matheson Principal D 07 4781 0502 M 0418 777 670 E bradmatheson@mcgrath.com.au
Top 20 Townsville Sales - Financial Year 2013/2014* Address
Bed
Bath
Car
Sold Date
Land Size
Sale Price
1
3/5C Mariners Drive, Townsville City
3
2
2
3 Mar 14
295sqm
$2,250,000
2
1202/69-77 Palmer Street, South Townsville
3
3
-
7 Mar 14
345sqm
$2,160,000
3
10 Stanton Terrace, Townsville City
4
4
2
6 Sep 13
1,012sqm
$1,500,000
4
6 Norfolk Place, Douglas
4
2
2
11 Oct 13
708sqm
$1,245,000
5
65 The Strand, North Ward
4
1
1
24 Jun 14
674sqm
$1,200,000
6
42 Leichhardt Street, North Ward
4
3
2
19 Sep 13
1,012sqm
$1,110,000
7
3 Stirling Drive, Castle Hill
3
2
2
17 Jan 14
759sqm
$1,100,000
8
210/72-74 The Strand, North Ward
3
2
4
28 Aug 13
224sqm
$1,005,000
9
20 The Point, Castle Hill
5
3
2
16 Jan 14
605sqm
$980,000
10
4 Balmoral Drive, Castle Hill
4
3
2
17 Feb 14
668sqm
$975,000
11
21 Ashburton Place, Douglas
5
2
2
6 Dec 13
1,069sqm
$965,000
12
76 Yarrawonga Drive, Castle Hill
4
2
5
7 Feb 14
779sqm
$960,000
13
199A Denham Street, North Ward
4
2
1
23 Dec 14
506sqm
$940,000
14
44 Springbrook Parade, Idalia
4
2
3
24 Apr 14
768sqm
$940,000
15
7 St James Drive, Belgian Gardens
4
3
3
10 Feb 14
741sqm
$930,000
16
12 Queens Street, North Ward
5
3
4
4 Sep 13
532sqm
$915,000
17
111 Yarrawonga Drive, Castle Hill
4
2
2
28 Feb 14
994sqm
$900,000
18
9 Stanton Terrace, Townsville City
4
2
4
6 Dec 13
627sqm
$880,000
19
2 Seaview Court, Castle Hill
4
2
1
16 Dec 13
1,203sqm
$875,000
20
13 Braemar Crescent, Castle Hill
3
3
3
15 May 14
734sqm
$860,000
* Settled sales The information in this report is being provided by Australian Property Monitors, RP Data and MARS (McGrath’s CRM System), its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.
Number of Houses and Apartments Sold in Townsville 3,000
Houses
Apartments
2,500
2,000
1,500
1,000
500
0 2005
2006
2007
2008
2009
2010
2011
2012
2013
Median House and Apartment Prices by Postcode Houses
Apartments
$221,875
4810
$307,500
$221,875
4811
$307,500
$195,000
4812
$301,750
$289,000
4814
$373,000
$323,750
4817
$452,500
$0
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
McGrath Property Management
LEASED NORTH WARD Eyre Street
LEASED $390 per week
IDALIA Eastlake Avenue
LEASED GARBUTT Meenan Street
$450 per week
LEASED $400 per week
BELGIAN GARDENS Bundock Street
$520 per week
Maximising your investment return Are you achieving the best possible return on your investment? • At McGrath your property reaches more prospective tenants through our award winning website as well as realestate.com.au and the highest priority listing on domain.com.au • Our team of highly experienced Property Managers analyse the market to do regular rent reviews ensuring you are always getting the best rental return • With a network of 60 offices, we are able to utilise our extensive contacts and database to attract more quality tenants • Thorough ongoing condition reports, routine property visits and constant monitoring by our highly trained team means your investment is in safe hands If you would like to speak to McGrath Property Management in relation to our service contact Jennifer Stockman on 07 4781 0544.
Jennifer Stockman New Client Consultant D 07 4781 0544 M 0400 031 285 E jenniferstockman@mcgrath.com.au
“We recently engaged McGrath Estate Agents to sell our home at 202/3 Melton Terrace and the agent was the ultimate professional. Dedicated to clients, enthusiasm in the process, results driven. Nothing was too much trouble; they kept us up to date by email, text and phone. The result achieved was exactly what they said she could if we went with the McGrath marketing strategy. We would highly recommended McGrath to anyone thinking of selling their property.” Steve and Chris Polkinghorne – 202/3 Melton Terrace, Townsville City
Median Price Movement for Houses and Apartments in Townsville Houses
$600K
Apartments
$500K
$400K
$300K
$200K
$100K
0 2005
2006
2007
2008
2009
2010
Where do the buyers come from? Local
2%
Interstate
12%
QLD Overseas
16%
70%
2011
2012
2013