"No city of comparable size has quite the connection into the future prosperity of the Australian nation as does Townsville." - Australian demographer, Bernard Salt (KPMG).
It’s no surprise that local and national investors have rushed to secure apartments at Springbank Urban Village.
Placed in the heart of Townsville’s major employment and lifestyle nodes, the development will help to meet the city’s staggering demand for rental accommodation, with the region’s vacancy rate currently sitting below 1%.
And with 1000 fewer homes being built per year than what is required to meet Townsville’s high population growth, Springbank investors will be well positioned to capitalise on upward pressure on property prices.
With attractive tax depreciation benefits, strong rental rates and other incentives included, you can invest in award-winning Fairfield Waters from just $50 per week.
This means securing a low-risk and zero maintenance property investment for nearly half the price of the suburb’s median house price. In fact, at $269,000, you can buy at prices not seen since since 2004.
Whichever way you look at it, this is smart buying on every level.