The future is bright: Townsville property showing signs of a recovery

Home buyers are looking to buy now, as housing prices are forecast to escalate over coming years. Townsville house and land prices will increase over the next five years, which is set to restore both buyer and seller confidence in the local property market. Urbex is experiencing a significant change in consumer sentiment towards purchasing real estate in Townsville.

Vi Miller, Urbex Sales Manager of 12-year development Kalynda Chase says buyers are recognising housing prices on offer represent great value and interest rates can be fixed at historical lows.

“All signs are pointing to a recovery in the Townsville property sector,” Ms Miller said.

“This flows on from construction of the $250 million stadium that is expected to bring in more than 700 jobs during the design and construction of the project.”

Savvy buyers are appreciating the value new housing solutions offer, like development Kalynda Chase. Kalynda Chase is currently in its 12th year of development and has become one of Townsville’s most liveable communities with more than 3,500 residents calling it home. Spread over 161 hectares, the development has delivered over 1,150 lots to date, with just 320 lots remaining to be released to the market within the next few years.

“We have experienced an uplift in sales at Kalynda Chase compared to a year ago. I think this is because of the diverse buyer profile this development offers,” Ms Miller said.

“The Kalynda Chase development is well-established in Townsville, but it’s still growing. A lot of people are attracted to its bustling and thriving community.”

Community residents have access to a local tennis centre and convenience centre precinct with a grocery store and restaurant. The development also has easy access to established schools, a hospital, public library and the Riverway complex equipped with swimming lagoons, barbeque areas and an art gallery. Owner occupier Emily Gribennow says the development is great for bringing up her young family.

“What I love about Kalynda Chase is its location. It so close to everything you need and my family loves it. I take my son for walks along the trails with my dog and use the playground facilities all the time. “It has such a great community vibe, and everyone is really friendly. I’m really looking forward to exploring the community garden and dog park when they open,” Ms Gribennow said.

Kalynda Chase is a master planned community created by Urbex and The Lancini Group. The development is located less than 5 kilometres from the heart of Thuringowa Central and a convenient 20 minutes from the Townsville CBD.

Posted in Uncategorized