Courier Mail / Realestate.com.au - Nicholas Finch
As Brisbane’s property market grows tighter, real estate experts have pointed to Townsville as an affordable housing haven.
Glen Maidment, managing director of Maidment Group, said Townsville’s low prices and growing economy made it increasingly attractive to buyers near and far. “The unique thing about Townsville at the moment is we’ve actually got approved development,” he said. “What I see in the South-East Queensland (SEQ) corner is no land, no ability to bring stuff to market.”
Townsville has also seen a spike in demand for prestige property. Maidment Group’s Marina Residences, a series of 18 luxury apartments, has sold more than half its offerings within a month of its launch.
Prices for the waterfront apartments in Townsville City begin at $2.7 million, with 15 three-bedroom apartments and three Sky Homes on offer.
Bruce Goddard, Director of marketing agency Place Projects, said the development had seen an “overwhelming” response.
“Townsville is seeing a massive shift towards luxury living, and this project is meeting a real gap in the market for high-quality waterfront properties,” he said.