City’s high- life sub­urb

Townsville Bulletin - - NEWS - DOMANII CAMERON domanii. cameron@ news. com. au

CAS­TLE Hill’s av­er­age weekly house­hold in­come has topped some of Aus­tralia’s wealth­i­est sub­urbs.

The 2016 Cen­sus data re­leased last week re­vealed Cas­tle Hill house­holds were earn­ing about $ 2954 on av­er­age each week.

This is more than Dou­ble Bay in Syd­ney which re­ported a weekly in­come of $ 2478 and the $ 2311 of Toorak in Vic­to­ria.

The Townsville sub­urb also only fell $ 12 short of Dar­ling Point in Syd­ney – which re­cently was crowned Aus­tralia’s most ex­pen­sive sub­urb by RealEstate. com. au. It had a weekly in­come of $ 2966.

AEC’s se­nior econ­o­mist Matthew Kelly said there were pos­i­tive as­pects to the fig­ures.

“It’s a rel­a­tively pros­per­ous area, his­tor­i­cally it’s done quite well,” he said.

“When you con­sider ev­ery­thing we have been through it’s prob­a­bly been the worst 12 to 18 months ( in Townsville) but we’re still punt­ing above av­er­age.

“That says some­thing about re­silience.”

Cas­tle Hill’s av­er­age in­come per per­son over the age of 15 was $ 1308 with a fam­ily earn­ing about $ 3387.

Some of Townsville’s poorer sub­urbs in­cluded Stu­art, which had an av­er­age house­hold weekly in­come of $ 1166, Vin­cent with $ 1206 and Ras­mussen, which av­er­aged $ 1265.

Mr Kelly said there were still some high- pay­ing jobs in Townsville.

“There is a pos­si­bil­ity that it ( house­hold in­come) could in- crease across other sub­urbs in com­ing years,” he said.

Townsville’s Cr Ann- Maree Gre­aney, whose divi­sion in­cludes Cas­tle Hill, said it had some beau­ti­ful prop­er­ties.

“It is great to see that we are be­ing com­pared to south­ern states and I think it is a re­ally good in­di­ca­tion of where Townsville is go­ing,” she said.

“Obviously there needs to be a bal­ance and Cas­tle Hill is a small pocket but it is a good in­di­ca­tion ( of the econ­omy).”

Cr Gre­aney said given the num­ber of po­ten­tial de­vel­op­ments be­ing con­sid­ered across the re­gion, the house­hold in­come could even out across other sub­urbs dur­ing the next one to two years.

“You talk to peo­ple around like de­vel­op­ers and there is a huge in­di­ca­tion that Townsville is mov­ing ahead,” she said.

“I think given that it ( Cas­tle Hill) has beau­ti­ful views, it has been pop­u­lar. Peo­ple obviously want those views.”

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