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To invest in Townsville or not?; Sydney investors hit Townsville
Topic Started: 5 Jan 2014, 09:18 PM (4,134 Views)
Dchapman
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New Investor
Can anyone share some light on Townsville?

I am looking to invest in Townsville I have been doing a lot of research and think that it will be a major player in the real-estate market in the future can anyone else share some light on the topic?

cheers,

David
Cheers,

David Chapman
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Foxy
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Zero is coming...

Dchapman
5 Jan 2014, 09:18 PM
Can anyone share some light on Townsville?

I am looking to invest in Townsville I have been doing a lot of research and think that it will be a major player in the real-estate market in the future can anyone else share some light on the topic?

cheers,

David
Hi David,
Please tell me a little about yourself and where you have invested at the moment.
What sort of income you have to pay for the investments.
Where you want to be in investing terms in say 5, 10 and 20 years.
Peter

What sort of money are you talking of investing.
Also what point in the cycle is Townsville in??
12 o'clock or 5 o'clock?? on the investment clock??
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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mel
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Townsville is badass.

Badass women, Badass NBN and Badass yield

If you need any more convincing please know that I actually begin touching myself in a very special way whenever I think of Townsville .. :)
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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peter fraser
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Mustapha Mond
5 Jan 2014, 09:29 PM
Also what point in the cycle is Townsville in??
12 o'clock or 5 o'clock?? on the investment clock??
The Townsville market is still crap at the moment, so 6 o'clock.

I don't know whether it's going to go off, but I guess buying in at the bottom is a decent start.
Any expressed market opinion is my own and is not to be taken as financial advice
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Foxy
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Zero is coming...

mel
5 Jan 2014, 09:33 PM
Townsville is badass.

Badass women, Badass NBN and Badass yield

If you need any more convincing please know that I actually begin touching myself in a very special way whenever I think of Townsville .. :)
Now that i like to hear.
:bh:
There is always investments cycling.
A bit like bitches in heat.
Peter

Dchapman
5 Jan 2014, 09:18 PM
Can anyone share some light on Townsville?

I am looking to invest in Townsville I have been doing a lot of research and think that it will be a major player in the real-estate market in the future can anyone else share some light on the topic?

cheers,

David
I don't know a lot about Queensland but make sure the property and land is high and dry.
Peter

also do yo know of anything that will create extra demand in Townsville, i.e.. a mine or port or gas hub or oil hub??
Any spending on infrastructure that is above the norm.
It is a good indication of an area that can go ahead.
Peter
Edited by Foxy, 5 Jan 2014, 10:01 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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goldbug
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peter fraser
5 Jan 2014, 09:33 PM
The Townsville market is still crap at the moment, so 6 o'clock.
Take peter's advice, he is a broker on the Gold Coast so is an expert now on Shit markets.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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peter fraser
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goldbug
6 Jan 2014, 01:16 PM
peter fraser
5 Jan 2014, 09:33 PM
The Townsville market is still crap at the moment, so 6 o'clock.
Take peter's advice, he is a broker on the Gold Coast so is an expert now on Shit markets.
I'm in Brisbane. My message was that I don't know the local issues in Townsville, but the market has been beaten down a fair bit.

Everyone sings the same song - buy low and sell high, and then they all do the opposite. They wait for the market to rise before they buy.

Townsville could be worth a look.

Any expressed market opinion is my own and is not to be taken as financial advice
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mel
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Quote:
 
Townsville is Australia’s most NBN-ready city

09 August 2013

Superfast broadband now passes 15,000 homes and businesses

50% take-up in Aitkenvale & Mundingburra

Townsville is officially Australia’s most NBN-ready city. Superfast broadband is now available to an area containing 15,000 homes and businesses.

An area covering a further 4000 premises in Pimlico, Hyde Park, Currajong, Vincent and Kirwan is set to come online in the coming months.

At a ceremony this morning, the NBN was switched on for 12,400 premises across the CBD and suburbs including Castle Hill, Pimlico and Currajong down to Gulliver, Heatley and Cranbrook.

That’s in addition to Aitkenvale and Mundingburra where the NBN is already up and running.

It was revealed today that around 50 per cent of homes and businesses in the fibred-up areas there are now connected to the network – a figure that is higher than the national average.

In the areas around Australia where the NBN fibre network has been up and running for more than six months, around 30 per cent of premises passed by the fibre have taken up an NBN service.

“It’s great to see Tropical North Queensland leading the country in innovation,” said NBN Co Community Relations Manager for Queensland Ryan Williams.

“More Townsville families can enjoy a high-speed internet connection with multiple devices connected all at once. They can work from home with ease and make video calls without worrying about constant drop outs.”*

One Townville company already experiencing the benefits of the NBN is National Qualifications Australia, an online workplace training provider.

“We connected to the NBN 12 months ago and our experience has been amazing. Our monthly internet costs have stayed the same, but the connection is incredibly fast and has enabled us to save money elsewhere,” said NQA’s Director Angela Magnan.*

“We’ve been able to shift our whole business to the cloud, reduce our use of paper substantially and offer more training courses online. I’d encourage everyone in active NBN areas to make the switch.”

Across Queensland, construction of the fibre network has commenced for more than 177,500 premises^. In addition, the fibre already passes 39,800 homes and businesses in areas such as Toowoomba, Aspley, Goodna and Townsville, with Cairns and Mackay to switch on soon.

NBN fibre construction is planned to commence or be complete for 934,300 Queensland premises by mid-2016^. The entire NBN rollout is due to be completed by 2021.
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Dchapman
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Mustapha Mond
5 Jan 2014, 09:29 PM
Hi David,
Please tell me a little about yourself and where you have invested at the moment.
What sort of income you have to pay for the investments.
Where you want to be in investing terms in say 5, 10 and 20 years.
Peter

What sort of money are you talking of investing.
Also what point in the cycle is Townsville in??
12 o'clock or 5 o'clock?? on the investment clock??
Hi Peter,

I am a electrician 23 years of age.
I Have not yet invested in anything but a few shares when i was like 14. which haven't done that well (they were prospecting companies).
Currently i work away in construction earning about $10 000+ a month. should have a good 6 years+ doing it.

In 7 years i would like own 7 house, well have investment properties.
i have about 130k to start with

And as others have said below, Townsville is sort of at the bottom of its cycle at the moment.

cheers,

david

Mustapha Mond
5 Jan 2014, 09:42 PM
Now that i like to hear.
:bh:
There is always investments cycling.
A bit like bitches in heat.
Peter


I don't know a lot about Queensland but make sure the property and land is high and dry.
Peter

also do yo know of anything that will create extra demand in Townsville, i.e.. a mine or port or gas hub or oil hub??
Any spending on infrastructure that is above the norm.
It is a good indication of an area that can go ahead.
Peter
Strategic Projects
Townsville Port Inner Harbour Expansion Project (TPIX)

The TPIX project is a $140 million project with State and Federal government funding involving the construction of defence, cruise and general cargo facilities at the Port of Townsville, redeveloping Berth 10 and Berth 8. The Berth 10 development includes a major cruise ship terminal for both cruise shipping and defence vessels, with bunkering support. Berth 8 will be upgraded to accommodate Panamax sized vessels with associated materials handling infrastructure. The project will start in October 2011 and be operational by 2013.

The Port Eastern Access Corridor

The Port Eastern Access Corridor will enable freight access to the Port of Townsville from the east of Ross River. This avoids the city and residential areas and will allow road trains direct access to the Port precinct. The corridor runs through the Townsville State Development Area and, when completed, will allow freight to be moved more efficiently to the port by road, rail, conveyors and pipes. Road infrastructure is almost complete and should be finalised by 2012, with initial planning for rail access under way, and rail access estimated to be completed by 2015.

Townsville Marine Precinct

Townsville Marine Precinct is a $110 million extension of the Port Townsville designed to accommodate a world-class facility for marine-related businesses. The Marine precinct will cater for a wide range of commercial, scientific and recreational users and include cold storage and distribution facilities along with the development of a Port Industrial Park, adjacent to the Port Eastern Access Corridor.

Port of Townsville Expansion

The planned expansion of the Port of Townsville has been declared a "Significant Project" by the Queensland Coordinator General, allowing for this $1.6 billion project to be pushed forward to meet projected demand. The port is the third largest multi-commodity port in Queensland and currently handles just under 10 million tonnes annually with this projected to grow beyond 30 million tonnes by 2030. Expansion will include a new deep water outer harbour, an additional six vessel births and extensive new infrastructure and services development. It will also include major City-Port developments of waterfront land is in Ross Creek supporting commercial, tourism and recreational activities.

Townsville Convention Centre

It is proposed to replace the current Townsville Entertainment and Convention Centre with a new convention, exhibition and entertainment facility capable of handling conventions up to 1500 delegates. The expected cost of this new facility is $143 million, with the Federal government already committing $47.67 million to the project. Townsville's importance as a mining, marine and defence industries hub, along with major research and government administration facilities, highlights the city's potential as a convention and exhibition destination.

CBD Redevelopment

The Townsville CBD is being revitalised through a landmark $60 million redevelopment of the 30-year-old Flinders Mall. The new Flinders Street provides the city centre with a world-class streetscape design that supports the introduction of calm two-way traffic, a vibrant new city heart - Flinders Square, and a central public transport hub. It creates a new, open central city area highlighting the city’s heritage buildings, while providing city visitors and residents with wide pavements, shade structures and a leafy, relaxed ambience. Major incentives are available from council to support development in the CBD area
mel
5 Jan 2014, 09:33 PM
Townsville is badass.

Badass women, Badass NBN and Badass yield

If you need any more convincing please know that I actually begin touching myself in a very special way whenever I think of Townsville .. :)
haha,

is Townsville that good hey,
I'm from cairns but i always thought Townsville was dry,

cheers
Edited by Dchapman, 6 Jan 2014, 09:36 PM.
Cheers,

David Chapman
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Dr Kinetoscope
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Wǎnshàng hǎo David,

I can't tell you much about Townsville, but be mindful of the eggs-in-one-basket trap iand avoid purchasing too many properties in the one locality.

Look at some blue-chip stocks as well.
Architecture Porn
ShadBerg's torrid Macrobusiness love affair
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