City on edge of re­newal

Townsville Bulletin - - NEWS - KIERAN ROONEY prop­erty editor kieran. rooney@ news. com. au

BIG­GER, bet­ter and brighter – Townsville’s real es­tate agents are op­ti­mistic about the fu­ture of the city.

July 31 marks the 150th an­niver­sary of the sale of the first al­lot­ments in what was to be­come Townsville.

Over the next 150 years the city is pre­dicted to be larger, denser and boast a re­vi­talised and bustling CBD.

Ray White Townsville sales agent Mar­garet Hill said South Townsville, where many of the city’s orig­i­nal res­i­dent set up, may change but would never lose its place in lo­cal history.

“The sub­urb still has laneways at the backs of homes which used to be ser­vice roads for the older homes,” she said.

“They weave in and out of South Townsville and Rail­way Es­tate and, along with the char­ac­ter precincts, re­mind us how things used to be.”

But Ms Hill said the in­ner sub­urbs were slowly be­ing re­vi­talised.

“It’s be­com­ing more com­mon to see young cou­ples mov­ing in and ren­o­vate the older prop­er­ties here,” she said.

The whole city plan where they’re re­ally fo­cus­ing on the in­ner- city is go­ing to have a huge im­pact on this area be­cause it will be within walk­ing dis­tance.

“That will bring change and de­vel­op­ment but coun­cil has al­ways been very good at pro­tect­ing that her­itage. You look at any ma­jor pop­u­la­tion cen­tre and the sub­urbs close to the city heart al­ways do well and I’m very op­ti­mistic about the area’s fu­ture.”

Real Es­tate In­sti­tute of Queens­land zone chair­man Damien Keyes said in the next 150 years Townsville may look like Aus­tralia’s cap­i­tal cities

“There’s a big push on CBD re­newal that started in cap­i­tal cities and has come to the re- gions,” he said. “Lo­cal coun­cils are start­ing to take a leaf out of the book of other cities and push­ing to re­vi­talise those run­down in­dus­trial ar­eas at the heart of town.

“The at­trac­tion of con­vert­ing a com­mer­cial space into a residential space that can sup­port your busi­ness is strong and peo­ple are al­ready look­ing into that in Townsville.”

Mr Keyes said the heart of Townsville would be­come more dense as the pop­u­la­tion grew.

“We’re

in an

in­creas­ingly fast paced world with more peo­ple want­ing to stay right in the city with low main­te­nance liv­ing,” he said.

“As a re­sult you will see a push for more high den­sity liv­ing and price growth for sub­urbs on the in­ner- city fringe and mid­dle ring. The men­tal­ity you see in Bris­bane and Syd­ney is emerg­ing here.”

Mr Keyes said more buy­ers would turn to smaller blocks.

“Peo­ple will fo­cus on high­end con­ve­niences and keep­ing houses low main­te­nance for their busy lifestyles,” he said.

“The north­ern cor­ri­dor will con­tinue to be a fo­cus and there’s a lot of in­fra­struc­ture go­ing into that re­gion.

“These are the only places we can go ge­o­graph­i­cally, along with the south­ern cor­ri­dor which will start to de­velop and emerge as a new hub.

“When it hap­pens is any­one’s guess, but those are the places that the city will even­tu­ally have to go.

“There will be new lenges but we could, should, over­come them like any other city.” cha­land just

Pic­ture: SHAE BE­PLATE

POS­I­TIVE OUT­LOOK: Real Es­tate In­sti­tute of Queens­land zone chair­man Damien Keyes pre­dicts Townsville will grow to a big­ger and more vi­brant city.

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