News Archive
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>
Million dollar sale raises property bar
12 December 2009
A BEAUTIFULLY restored Queenslander in Mundingburra has set a new benchmark for the suburb, netting a record $1.2 million sale price. It proved to be a renovator's dream for vendors, Julie and Peter Cardiff, after buying the property in 2004 for just $350,000. Mr Cardiff is a lawyer who was the former planning director at Townsville City Council and is moving to take up a similar positio... <more>
Strand units simply the best
29 July 2009
They are being described as the best units in town. The finishes and fit-outs are superb, there is great attention to detail in design, and the views, well, The Strand is glorious. This is Stanton Apartments – Townsville's newest seafront address and the first stage of national listed developer Mirvac's $200 million Mariner's Peninsula project on Breakwater Marina. The first resid... <more>
First homebuyers 'grab' increased grant
14 January 2009
First homebuyers are cashing in on an increased federal government grant, new figures show. The grant was doubled to $14,000 for existing homes and $21,000 for newly-built homes in October last year as part of the Rudd government's economic security strategy. Between October and November the number of new houses purchased by first homebuyers jumped by almost 10 per cent, Australian Bur... <more>
Townsville the haven in financial storm
25 October 2008
TOWNSVILLE is shaping as a haven through the economic storm, with $8 billion worth of development on the books. Some of Australia's biggest developers have taken strong positions in the city with Leighton Properties this week saying their decision to proceed with a $1 billion CBD project was a `no-brainer' because of the city's strong economy. It hopes to start work in the second o... <more>
Boost to first home buyer numbers
14 October 2008
The announcement of the Federal Government's First Home Owners Boost initiative will help thousands of prospective home buyers, according to the Real Estate Institute of Queensland (REIQ). The Boost, which comes into effect on 14 October 2008, will see the original First Home Owners Grant of $7000 doubled to $14,000 for first home buyers who purchase established homes, and tripled for the pur... <more>