News Archive
Prime Land Up for Grabs
01 February 2012
ABOUT 1450ha of prime farming land in North Queensland, part of the former assets of collapsed managed investment scheme operator Great Southern, has been placed on the market. The land, which either was proposed for hardwood plantations or where teak tree seedlings were in very poor strike condition, is contained in 23 farms between Ingham and Mirriwinni south of Cairns. Much of it... <more>
Dalgety Commercial Space Sold
18 January 2012
THE ground floor commercial space of the Dalgety tower in Denham Street has sold to a company associated with Townsville businessman Graham Phillips and the premises, comprising six units between 38sqm and 100sqm, are to be fitted out for lease as retail It is understood the commercial space, totalling about 440sqm, sold for a price in the $600,000s, well below an initial asking price of... <more>
Demand Strong for Mirvac's The Point
17 January 2012
DEVELOPER Mirvac says it is confident the $85 million unit project The Point is well placed for development and that Townsville's economic future remains bright. The developer was commenting on research it commissioned which found that strong population growth was set to continue at Townsville and that the city's diverse economy was helping to underpin activity. Mirvac is looking to... <more>
Hottest Spots to Buy Real Estate in 2011
21 January 2011
New South Wales In keeping with the buzz over middle-ring suburbs (10km or more from capital cities), RP DATA has picked Strathfield , Sydenham and Berala in Sydney’s west as its bargain hunter gold mines Berala , 17km west of Sydney's CBD, tops the list. Median house prices are a relatively modest $460,000 and residents enjoy easy access to public transport. Further afield, real... <more>
Tower talking Point
20 October 2010
The $100 million final stage of the Mariner's Peninsula development overlooking Townsville's Breakwater Marina has locked in prospective sales worth $15 million ahead of the launch of marketing this weekend. The stage comprises The Point, a 15-level tower with 71 upmarket apartments, and 15 waterfront home sites. Mariner's Peninsula developer, national company Mirvac said yesterday contr... <more>
Wallets out for Jade units
14 April 2010
AGENTS marketing the Jade units at North Ward hope incredible interest at an open day will translate to good sales in coming weeks. Ferry Property were ecstatic over the reaction to the open day last Saturday where an estimated 300 people came through the doors to view the luxury unit complex which features large apartments, pools and entertainment areas and a fully-equipped gymnasium. A... <more>
City nudges record for population growth
31 March 2010
TOWNSVILLE has experienced near-record population growth, despite the economic downturn. The city's population grew by 5606 people or 3.2 per cent to 181,743 in the year to June 2009, according to figures released yesterday by the Australian Bureau of Statistics. Leading economist Colin Dwyer labelled the growth 'remarkable'. ''Population growth in Townsville was almost the strongest ... <more>
Jade apartments fire sale unlikely
26 March 2010
IT may not be the fire sale unit buyers were relishing but prices for the former Hedley product, Jade, will be good value, according to agents Ferry Property. The units in the Landsborough Street, North Ward project will come on the market shortly. Speculation has been rife there could be markdowns of as much as $100,000 on listed prices although the reality may be less than that - possi... <more>
Demand for property still increasing
13 March 2010
AGENTS and developers are reporting a strong rebound in Townsville's home and unit market as confidence builds on the back of big infrastructure and port development. This is despite figures released yesterday showing big falls in unit and townhouse sales in Queensland. The developer of residential estate Kalynda Chase, Urbex, said demand for residential property was increasing. Urbex... <more>
Major projects on the front burner again as confidence returns to the far north
18 February 2010
THE federal government went deeply into deficit to fund recovery. It could have saved us a lot of money if it knew how to bottle and sell confidence. The level of confidence is a key ingredient in any economic or real estate cycle. Economists don't understand our residential markets because you can't factor confidence into a mathematical formula. The boffins who think compute... <more>