LOCATION

Why Townsville?

The economic activity in Townsville is diverse and has been growing steadily at 12.4% for the past five years, making it a regional hotspot for commercial development. Driving the Townsville Commercial and Industrial property market is the continued and growing interest from external and local investors.

The region’s commercial property market is set to strengthen further with the expected arrival in 2010 of a new Battalion, which will bring an extra 1,500 soldiers, support staff and their families. Add to this the solid commercial yields between 7.5% and 9% as well as a strong construction sector that is undersupplying new residential dwellings, and the potential for strong growth is clear.

With the strong tenancy demand, the resources boom, local construction industry growth and increasing household incomes, Townsville is poised for enormous development activity in the Bohle industrial area and outer suburban precincts. Capital growth of over 80% has been experienced in quality properties purchased just two years ago. While this rate of growth will not be easily repeated, the conditions of tight supply and robust demand will ensure property values will continue to escalate well into the future.