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Investors move on Townsville’s growing market

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Investors are beginning to move on the Townsville property market, buoyed by record low interest rates, low vacancies and rising rents.

At least 10 blocks of units have sold since January 1, according to realestate.com.au, with some selling for less than a house.

Several other unit blocks are under offer, with those sales prices yet to be revealed.

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Sam Musemeci of Harcourts Kingsberry sold a block of four units in West End for $595,000 in January.

The listing said all units had long term tenants, with a combined return of $43,160 a year.

“That one sold for asking price,” he said. “And I am still getting…



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