Townsville could be a good place to invest as you start planning for 2024.
The capital growth chart for 3 suburbs in Townsville plotted over the last 15 years (Alligator Creek, Jensen, Bluewater Park) shows there has only been average annual capital growth of around 2-3% over this period.
The low vacancy rates under 1% combined with the growing population makes Townsville an attractive place to invest.
The Australian Defence Force continues to house troops in Townsville, which is another key driver for growth.
Check out the following article for further information - https://www.news.com.au/finance/real-estate/brisbane-qld/townsville-real-estate-growth-to-continue/news-story/55444b6609cb34595b99bf3cf7d78943.
