Townsville’s fastest selling suburbs

first_imgClient giving Australian money to property agent for buying house. Property and real estate concept. housing, Australian money, generic propertyLOCATIONS within 5km of the CBD have topped the list of Townsville’s fastest selling suburbs.Newly released CoreLogic figures which analyse sales in the last financial year show that houses in West End, Belgian Gardens and Mysterton sold the quickest.A total of 47 homes sold in the 12-month period in West End with the average time on the market being 59 days followed by Belgian Gardens where homes stayed on the market for 63 days.Mysterton and Hermit Park tied for third place with an average market time of 73 days.Forty-four homes were sold in Hermit Park and 13 in Mysterton.Explore Property Townsville principal Dean Dank said while he was surprised North Ward didn’t make the top three, buyers were becoming increasingly interested in city fringe areas thanks to projects such as the North Queensland Stadium.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 2020Explore Property Townsville director Dean Dank. Picture: Shae Beplate.“Very much the fringe of the city is being taken and I think that comes about from activity from the stadium and people starting to chatter about being close to town and getting the benefit from the city scape changing,” he said.“The public transport hub and the stadium is going to change inner city living so people want to be in walking distance to the city.“I think areas like South Townsville will also lift in the future and it will be a boost for those little pubs that have been forgotten about like the Ross Island Hotel, Victoria Park and Bellevue Hotel.“Those little pubs will be watering holes for people coming out of the stadium like Caxton St in Brisbane.”The CoreLogic figures also revealed Townsville’s top growth suburbs for the financial year.Rosslea topped the list with a year’s median price growth of 13.3 per cent bringing the median value to $363,970.The suburb has seen new, high-quality homes being built, thanks to the Fairways development, which has received strong interest from gold enthusiasts.Jensen came in second with a 3.8 per cent increase in price growth while Pimlico and Hyde Park recorded a yearly price growth of 3.4 per cent.last_img

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