Townsville vendors act on post-election confidence
POST-election confidence has brought buyers back to the Townsville market — and vendors are taking notice.
According to data by SQM Research, there were an additional 21 properties listed in Townsville in May than in April.
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Townsville real estate agency Explore Property also had a record month in May for new listings, with the agency posting 39 in comparison to the average number of about 25.
Explore Property principal Dean Dank said he expected the numbers were a reflection of confidence in the market. “It’s a combination of everything in the market at the moment,” he said. “Especially with the election result, and the Adani (mine) approval. There’s definitely been a shift of activity and a lot more positivity recently.”
Explore property agent Giovanni Spinella said the company expected to see the high volume of stock flow through to increased sales.
“Normally if you have a strong month for listings, the following month is great for sales,” he said. “If we had one more day in the month, we would have been close to 45 new listings.”
Mr Spinella said a property at 13 Adrian Rise in Mount Louisa attracted buyers in the dozens last weekend.
“I had the first open home for a property in Mount Louisa — we had 17 groups of people through it and two offers by Sunday night,” he said.
“Those sorts of numbers are pretty unique, especially considering it only went to market on the Wednesday before that.”