Question 1

Is South Townsville a nice place to live?

Accepted Answer

South Townsville sits beside the Ross River mouth and the Port of Townsville, with a working maritime fringe, riverine reserves and a mix of weatherboard, fibro and brick homes.

The community is made up of couples without children at home and many renters, with 50.3% of homes rented. Small shopping strips, community facilities, riverside reserves and boat access points are within walking distance of the houses, and the suburb’s mix of domestic-scale housing and active port infrastructure shapes its everyday rhythm. Community feedback was sought on the Victoria Park Playground Renewal.

Question 2

Is it expensive to live in South Townsville?

Accepted Answer

On these figures, rent would take a sizeable share of a typical local household's income in South Townsville. At the most recent Census a typical local household earned about $1,516 a week, so a house rent of $575 a week would take about 38% of that income and a unit rent of $500 a week would take about 33%.

For buying, the median house price of $685,000 works out to about 8.7 times a typical local annual household income, which sits well above local incomes. The rent-share numbers are the most relevant if you plan to rent; the price multiple matters if you are looking to buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is South Townsville a good place to invest?

Accepted Answer

Over the past 12 months, unit values in South Townsville rose a solid 5.7%, while house values increased a modest 2.0%. House rents climbed a modest 4.5% and unit rents rose a modest 4.2%.

Put another way, for houses rental income grew faster than capital value, whereas for units capital growth outpaced rent increases.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$685K	N/A
Change in value Past 12 months	2.0%	5.7%
Sold Past 3 months	10	8
Median days on market Past 12 months	18	29
Average rent Past 12 months	$575	$500
Change in rent Past 12 months	4.5%	4.2%

	Suburb	QLD
Median age years	41	38
Median household income weekly	$1,516	$1,675
Couples with children share of families	27.9%	41.2%
Couples without children share of families	51.7%	40.3%
One-parent families share of families	16.9%	16.8%
Homes owned outright share of homes	22.8%	30.1%
Homes with a mortgage share of homes	26.9%	35.6%
Homes rented share of homes	50.3%	34.3%

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