51/30-34 Palmer StreetSouth Townsville QLD 4810
Property Details for 51/30-34 Palmer St, South Townsville
51/30-34 Palmer St, South Townsville is a 2 bedroom, 2 bathroom Unit and was built in 1999. The property has a land size of 116m2. While the property is not currently for sale or for rent, it was last sold in May 2018.
Last Listing description (July 2018)
2 BEDROOMS, 2 BATHROOMS, CARPARK ON TITLE
$450,000- Returning 7.73% increasing
Located on level 7 with uninterrupted views on the harbour, a dual key configuration featuring 2 bedrooms, 2 bathrooms, and car park on title.
Lease Details
Current Rent: $669 per week ($34,823 p/a)
Increasing 1st Aug 2018 to: $696 per week ($36,216 p/a)
Current Return: 7.73% Gross/ 6.66% Net
Lease Terms: Lease to 31/07/2019 with 4 x 5 Year options..
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2019)
Centrally located Quest Townsville is in the heart of the city's dining precinct and offers an array of award winning cafes, restaurants and convention facilities as well as easy access to Magnetic Island.
Townsville is the major business hub in Northern Queensland and home to the Lavarach Army Base, one of the major defence installations in Australia which supports jobs and local infrastructure.
Approximate Owner Outgoings:
Council and Water Rates: $2946 p/a
Body Corporate Administration fee: PAID BY TENANT
Body Corporate Sinking fund : $1865 pa/
Property History for 51/30-34 Palmer St, South Townsville, QLD 4810
- 23 May 2018Sold for $431,200
- 17 Apr 2018Listed for Sale SOLD - $431,200
- 06 Sep 2013Sold for $260,000
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About South Townsville 4810
The size of South Townsville is approximately 5.4 square kilometres. It has 7 parks covering nearly 4% of total area. The population of South Townsville in 2011 was 2,137 people. By 2016 the population was 2,352 showing a population growth of 10.1% in the area during that time. The predominant age group in South Townsville is 20-29 years. Households in South Townsville are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Townsville work in a professional occupation. In 2011, 47.5% of the homes in South Townsville were owner-occupied compared with 44.8% in 2016.
South Townsville has 1,799 properties. Over the last 5 years, Houses in South Townsville have seen a 77.97% increase in median value, while Units have seen a 45.14% increase. As at 31 October 2024:
- The median value for Houses in South Townsville is $522,877 while the median value for Units is $408,887.
- Houses have a median rent of $500 while Units have a median rent of $495.
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