Blogs

Beachside units for $30,000 offer investment opportunity twenty minutes from Townsville

first_img READ MORE Tropical treehouse with plenty of character CoreLogic data has found the median indicative gross rental yield for units in the suburb is 8.8 per cent, which is the highest in Townsville. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Elders agent Leah James, who is marketing the units, said she thought the rental yield in Nelly Bay was so high because of its proximity to the ferry terminal. “Because it’s got the ferry terminal there, it’s the most convenient location for people to be,” Ms James said. “People want to stay close by so it’s easy for them the next morning and they’re happy to pay more to be there.”Ms James said the units were a fantastic opportunity for people wanting to use the location frequently as holiday accommodation and rent it out for short term periods. “The best opportunity is for locals who want to use it on a regular basis,” Ms James said. “You can rent them for up to three months long term, otherwise short term holiday letting. “The units are located within a resort which offers on-site management, restaurant facilities, a pool, tennis court, and other facilities.”Nelly Bay is only a 20-minute ferry ride from Townsville, making it ideal for weekend trips away. This unit is on the market for $30,000 in Townsville’s highest rental yield suburb.BOASTING the highest indicative gross rental yield in Townsville, Magnetic Island’s Nelly Bay is a holiday paradise for tourists and Townsville locals. Three units in the suburb are currently on the market for $30,000, revealing an opportunity for investors to reap the rewards of short term letting. READ MORE CBD units are the cheapest they’ve been in over a decadelast_img read more

Monday August 5th “The Midday Report”

first_imgListen to “The Midday Report” from Monday August 5thlast_img