Townsville a great place to Live and Invest…

The spotlight has been on Townsville recently with National Press coverage and Townsville attracting attention from a number of national investment groups.  Townsville has been highlighted as one of the sturdiest regional economies in Australia. It has strong elements of Government Administration, Education, Defence, Resources, Tourism and Manufacturing.

The Townsville Property Market has experienced solid track record and from 2002 – 2007 Townsville has outpaced the majority of capital cities. Townsville has held value for the past couple of years, it is poised to resume its forward progress.

Its comeback will be boosted by a number of major projects including residential estates, Retail development, CBD rejuvenation, Commercial projects and significant infrastructure spending. But possibly the biggest factor in Townsville future is the announcement by the State Government in May, that it intends to develop the city in to the official states second capital city.

How many people live in Townsville…

It is estimated that currently there are around 182,000 residents. The largest employers are Public Administration, Retail Trade, Construction, Education and Manufacturing. Townsville also has a RAAF Base and an Army base that is poised to grow in size with the addition of a Battalion.

Interesting Article…

INVESTORS and developers prepared to look nationally for opportunities could do worse than track INVESTORS and developers prepared to look nationally for opportunities could do worse than trackmilitary movements.  Military presence makes investment sense _ The Australian the JCU Report a good read with some great information for investors.  (http://www.jcu.edu.au/business/idc/groups/public/documents/event_description/jcuprd_052402.p

Townsville has over 100 educational facilities, including James Cook University, TAFE, private and state schools. A recent economic study highlighted three major contributors to the region being Gold Mining, Defence Force spending and Sugar Production. Of the 17 Sectors comprising the region’s economy, no one sector represents more than 13% of the economic activity. Over the past five years, the city’s housing market has enjoyed an annual growth rate of 11%.  In Queensland only Gladstone and Rockhampton outperformed Townsville over this period.

What will drive Townsville’s growth…

With the State Government announcement to make Townsville, Queensland’s second capital city and with major property projects to include; CBD rejuvenation, $1.2 billion South Bank, $1 billion North Shore, $180 million refurbishment of Stockland Shopping Centre to include Myer, Townsville Golf Course Redevelopment; Various Resource Projects; the Townsville to Mt Isa power line project with potential Solar and Geo thermal generation, and a proposed cruise ship terminal. All these projects are making Townsville a great place to Live and Invest.

Interesting Article…

Townsville Bulletin’s article points to Townsville capital growth rebounding a population rises and demands on housing increases. see the article here – click this link Townsville Bulletin 240910