Hey,
Has anyone bought an investment property in Townsville? There are quite a lot of infrastructure projects planned or currently underway in that region (ports expansions, marine precincts, major roads and highways, barracks, hospital redevelopments and new convention center) along with revitalization of town centers, parks and shopping centers. It also has a diverse economy with military, tourism, university and resources all at work.
I am wondering if anyone else has invested there and what their thoughts are?
Vacancy rates sit at around 5% so I wonder how easy it is sourcing a tenant and are there long vacant periods? Also does the sometimes cyclonic weather patterns effect your investment or insurances/cash flow etc? Do ppl prefer central CBD suburbs or the north shore beach suburbs not too far away?
Any thoughts or experiences would be appreciated.
Cheers
Luke
Has anyone bought an investment property in Townsville? There are quite a lot of infrastructure projects planned or currently underway in that region (ports expansions, marine precincts, major roads and highways, barracks, hospital redevelopments and new convention center) along with revitalization of town centers, parks and shopping centers. It also has a diverse economy with military, tourism, university and resources all at work.
I am wondering if anyone else has invested there and what their thoughts are?
Vacancy rates sit at around 5% so I wonder how easy it is sourcing a tenant and are there long vacant periods? Also does the sometimes cyclonic weather patterns effect your investment or insurances/cash flow etc? Do ppl prefer central CBD suburbs or the north shore beach suburbs not too far away?
Any thoughts or experiences would be appreciated.
Cheers
Luke