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TREN eMagazine
TREN (Townsville Real Estate News) and eMagazine provides news, opinions and analysis on issues, events, and trends impacting the Townsville North Queensland real estate marketplace.
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Townsville Property Market Snapshot 2022
Townsville Property Market Snapshot 2022
Overview
Townsville property market has experienced growth across all residential categories of homes, units and land in month of October 2022.
Growth in prices in the 3 to 5-bedroom homes category for the month of October 2022 is an average 10%. Growth in the 3 bedroom homes price achieved an increase of 10.7%.
The median purchase price for homes in Townsville is $476,000.
Rental…
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MAJOR PROJECTS SUPPLY EXPLOIT PROPERTY INTERESTS IN NORTH QUEENSLAND
MAJOR PROJECTS SUPPLY EXPLOIT PROPERTY INTERESTS IN NORTH QUEENSLAND
Major Projects exploited in North Queensland
Hell’s Gate Dam and the Australian-Singapore Military Training major projects, nominally valued collectively at $7.55 billion over 25 years, could improve economic opportunities for North Queensland and Townsville.
Both major projects are located outside the Townsville local government area. However, the economic impact is not attributable to…
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Breaking: Reserve Bank jump to record cash rate
Breaking: Reserve Bank jump to record cash rate
Reserve Bank Interest decision
The Reserve Bank Governor, Phillip Lowe has announced a change to the interest rate today to record levels.
[ctt template=”8″ link=”5e0gf” via=”no” ]”There are further signs of a turnaround in established housing markets, especially in Sydney and Melbourne.[/ctt]
The RBA had decided to reduce the cash rate by a further .25 basis points to a record cash rate of .75…
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Breaking: Townsville Yabulu Nickel Refinery reopening with $400 million injection
Breaking: Townsville Yabulu Nickel Refinery reopening with $400 million injection
Yabulu nickel refinery reopening statement
Townsville’s Yabulu Nickel Refinery has $400 million set aside for a reopening in 2020 providing 1000 jobs for North Queensland, Mr Clive Palmer has claimed in a formal statement today.
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Townsville home loan industry veteran; fixing loan rates not recommended
Townsville home loan industry veteran; fixing loan rates not recommended
Townsville home loan market recommendations
A veteran Townsville home loan industry insider has shed some unique insights into the home lending industry on the eve of another Reserve Bank (RBA) cash rate decision, with the industry predicting up to a further three interest rate cuts to boost the Australian economy.
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Townsville tax payers no longer remote; Productivity Commission Report
Townsville tax payers no longer remote; Productivity Commission Report
Townsville tax payers connected like city residents
North Queensland and Townsville tax payers are being targeted by the Productivity Commission in its draft report on Remote Area Tax Concessions and Payments, that the zonal tax concessions should be abolished.
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Townsville property market confidence flooded on national affordability crisis
Townsville property market confidence flooded on national affordability crisis
Townsville property market in national context
The Townsville property market has enjoyed better days when building approvals and existing dwelling transactions and median house prices were much higher than they are now.
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#Capital Cities#construction#Floods#Housing Affordability#Markets#negative gearing#property#Townsville Enterprise
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Townsville developers launch legal action against Townsville Council
Townsville developers launch legal action against Townsville Council
Townsville developers court appeal
Townsville developers are frustrated with the development application and approval decisions being made at the Townsville City Council, as three separate developers have reportedly launched legal action against the local authority.
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Australian Farmer Emergency - Letter to the Editor
Australian Farmer Emergency – Letter to the Editor
Australian Farmer Emergency
One wonders what has happened to Australian products when 500gm butter, Coles home brand $5.00 (made in New Zealand) and butter in Australian at $5.60 same red package, NZ can produce and export to Australia for less.
Australian farmers who are paying for high prices for water and have to deal with the burden of being over governed with no control over their land or…
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Townsville Marine Tourism development attracts $3.5 million State Government funding
Townsville Marine Tourism development attracts $3.5 million State Government funding
Townsville Marine Tourism Precinct
A world class Townsville Marine Tourism Precinct has been given State government funding of $3.5 million.
Honeycombes Property Group, in a joint venture with SeaLink, has received the multi-million dollar contribution from the State Government to finalise the funding arrangements for the waterfront development on Ross Creek and the Strand adjacent to the…
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Townsville labour market gasping for employment demand
Townsville labour market gasping for employment demand
Townsville labour market snapshot
The Townsville labour market has shown signs that a recovery in economic activity is occurring in the wake of the Townsville and North-west Queensland floods earlier this year.
With 3,000 homes and businesses impacted and thousands in livestock losses across the region, the recovery and reconstruction stimulus has played a key role in improving the unemployment…
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Property managers and Tenants alerted to tenancy changes
Property managers and Tenants alerted to tenancy changes
Property Managers and Tenants alerted to RTA changes
Property managers and Tenants have been targeted by the Queensland Residential Tenancy Authority (RTA) with enhancements to its bond lodgement system to speed up processing times.
[ctt template=”8″ link=”32eHP” via=”no” ]”Tenants and property owners/managers are encouraged to transition from paper to the web services, where possible.”[/ctt]
The…
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Townsville floods yields employment green shoots; regional economic snapshot
Townsville floods yields employment green shoots; regional economic snapshot
Townsville floods reconstruction welcome stimulus
Six months after the devastating Townsville floods, the region’s peak marketing body for North Queensland, Townsville Enterprise, has provided an update to its members on the outlook of the Northern Australia regional economy.
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Queensland real estate institute promoting "climate change" propaganda angers North
Queensland real estate institute promoting “climate change” propaganda angers North
Queensland real estate institute angers North Queensland community
Queensland Real Estate Institute (REIQ) has come under heavy fire from residents and ratepayers of North Queensland, and their own real estate members, for adopting reckless political propaganda from the State government.
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North Queensland property powerbroker launches stern critism of Palaszczuk government
North Queensland property powerbroker launches stern critism of Palaszczuk government
North Queensland property identity holds no prisoners
North Queensland property industry identity and outgoing North Queensland Cowboys Chairman, Lawrence Lancini has launch a bevy of criticism at the Palaszczuk Labor government over its handling of the regional Queensland economy.
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#building#construction#development#economy#Lawrence Lancini#NQ Cowboys#resources#state government#taxation
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Letter to the Editor - They just don't get it.
Letter to the Editor – They just don’t get it.
Letter to the Editor – Sandra Chesney, Jensen
With the almighty State parliament being in Townsville this week, I suppose North Queensland should be forever grateful to be allowed to see our representatives here in North Queensland, but no, they will not be discussing issues pertaining or of interest to North Queensland, they still just don’t get it…
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Townsville population forecasts risk oversupply and further price stagnation
Townsville population forecasts risk oversupply and further price stagnation
Townsville population forecasts proxy for mining federal funding
Townsville population forecasts stimulate supply. From a population perspective, additional supply is observed as a great opportunity because it creates “jobs” and brings employment. Supply risk is often depicted by planners as a slowing down of dwelling construction.
Well, incumbent property owners and investors in the market…
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