Townsville suburbs where property prices are rising

first_img Townsville dubbed a regional real estate hotspot Explore Property agent Giovanni Spinella, who is marketing a property at 10 Ashman Court in Alligator Creek, said he thought the increased development in the area could be a reason for higher demand. “Buyer inquiry has been good in the area (Alligator Creek) and houses that have previously not had much attention are now receiving quite a lot of interest,” Mr Spinella said. Alligator Creek property prices have risen by 11.5% in the past three months. This home at 10 Ashman Court is for sale in the suburb.THE latest data by CoreLogic has revealed the ten Townsville suburbs where property prices have risen most in the three months to June. Prices for houses in Alligator Creek have increased most in the period, rising 11.5 per cent. The median price to buy a house in the suburb is now $493,000.READ MORE Property prices expected to increase by 10% Vincent was the second suburb with the highest increase in price over the three months to June, with prices rising 9.3 per cent. Currajong and Blackriver also had an increase in price of more than 7 per cent. center_img “I think the Elliot Springs development has also helped the area, as well as the shops popping up there and the new 24-hour McDonalds that is being built.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“Generally, the market has improved and we’re definitely noticing that in our office in terms of listings and the amount of contracts being signed.” Where prices have risen in the 3-months to Junelast_img read more