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Finally Some Good news For Townsville Property Management.

17 Mar 2011

Townsville Property Management Update


After the devastation of Yasi last month and the drenching follow up rains from this month its great to see some positive news for The North in general and Townsville in particular.

We have just been named Australia’s best regional economy (see Martin Rasinis’ article in our blog for the full story)

Add to this the beginning of 3RARs move to Townsville as well as several mines newly opened or recommissioning and we are finally starting to see some very positive signs for owners.

Vacancies were very low through February, we experienced 14 days with no vacancy, new rents were up in some cases as much as $50 -$60 per week.and many renewals as much as $25 -$30 per week. Demand has been sustained and as we go to print we again have no vacant properties with substantial demand. This rental demand seems set to continue well into 2012 and beyond, making a great picture for Townsville property management in general.

As all market investors know, an under-supply usually means only one thing. With demand set to outstrip supply in the short and medium term it might be the right time for anyone considering buying another investment property to take advantage before word gets out!

Shaun Podbury

 

 

Townsville Property Management

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Townsville Property Management Update

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