The Trusted Opinion on Townsville Real Estate

Townsville - Capture the growth!

	11.6 billion economy with 12.4% growth!
	4,000 new people each year come to the twin cities!
	Unemployment rate of 4.4%!
	Demand for 1339 new homes each year!
	$14.5billion worth of projects on the drawing board for Townsville!
	1,500 military personal are relocating to Townsville in 2010!
	Higher median income than state and national median!
	Lower median age than state and national median!
	Even the Cowboys home ground is planning to get 3,000 more seats!

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With a population exceeding 180,000, the twin cities of Townsville and Thuringowa are riding a wave of development fuelled by solid growth in mining, defence, construction and tourism.

Townsville is the transport hub for the region’s mining and agricultural industries. The Port of Townsville services the North West Mineral Province, Xstrata Copper Refinery, Sun Metals Zinc Refinery and QLD Nickel and is home to the new QLD Sugar Corporation Distribution Centre, contributing to a large proportion of Queensland’s exports.

Townsville is also a true lifestyle city with 300 days of sunshine a year, Magnetic Island and the Great Barrier Reef at its doorstep and three national sporting teams for entertainment. The recent housing boom and city revitalisation projects have also seen an increasing trend of inner city living. This combined with a younger population and higher median weekly income, compared to the state average, make Townsville a thriving city and a substantial market to target.

Education and health also play a major role in the economy with the established James Cook University and Townsville Hospital servicing the region. It is the diversity of its economy that has made Townsville resilient to change and provided a strong base from which to develop.

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	Queensland			Townsville
		Townsville remains the jewel in Queensland’s property tourism crown, according to national property analyst Terry Ryder. He says Townsville’s strong economy, proven tourism trade and property prices makes it a better option than the Gold and Sunshine coasts due to an oversupply in those areas in recent years			The north Queensland capital has arguably the strongest regional economy in Australia, with tourism, defence, the public service and a range of industries, including mining, behind it. The city is the stepping-off point to the Barrier Reef and many of the islands. It has a captive rental market brought about by tourism and seasonal and mining workers and is a proven growth market that Ryder says is ready to go through another boom.

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Property Investor - November 2010
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