Townsville suburbs where property prices are rising
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.
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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.
“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.
“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.”
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.
Where prices have risen in the 3-months to June