Just wondering if anyone has been looking into the Townsville market recently?
Things are pretty slow at the moment but curious as to what people's thoughts are in regard to the market the next 12-18 months? I'm thinking of purchasing something (3 bed house) in the mid $200k's in one of the older suburbs close to the city and doing a cosmetic reno. If I purchase mid next year, I'm just wondering if it will be some time before it see any growth and I might be better off investing somewhere else first?
http://www.townsvillebulletin.com.a...-property-market/story-fnjfzs4b-1227280319117
John McGrath seems to think the next 12 months we will start to see things turn around but given the high unemployment and poor business conditions I can't see this happening in the short term.
Thoughts?
Things are pretty slow at the moment but curious as to what people's thoughts are in regard to the market the next 12-18 months? I'm thinking of purchasing something (3 bed house) in the mid $200k's in one of the older suburbs close to the city and doing a cosmetic reno. If I purchase mid next year, I'm just wondering if it will be some time before it see any growth and I might be better off investing somewhere else first?
http://www.townsvillebulletin.com.a...-property-market/story-fnjfzs4b-1227280319117
John McGrath seems to think the next 12 months we will start to see things turn around but given the high unemployment and poor business conditions I can't see this happening in the short term.
Thoughts?