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