55/30-34 Palmer StreetSouth Townsville QLD 4810
Property Details for 55/30-34 Palmer St, South Townsville
55/30-34 Palmer St, South Townsville is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 117m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (January 2019)
Fully refurbished at a cost of almost $40,000 in 2015, this spacious apartment features new carpets & paint, new kitchen joinery , appliances and full upgrade to both bathrooms.
Located on level 7 with views on the harbour, a dual key configuration featuring 2 bedrooms, 2 bathrooms, and car park on title.
Very spacious 2 bedroom, 2 bathroom - twin key apartment.
116m2 in total including balconies
Featuring 2 x balconies, full upgrade to internals and stunning
views of Townsville port/ harbour.
Rent as of Aug 18: $717 per week ($37,316 p/a)
Current Return: 9.21% Gross/ 7.44% Net
Lease Terms: Lease to 31/07/2019 with 4 x 5 Year options..
Rent Increases: 4% yearly- NEXT MARKET REVIEW DUE IN JULY 2019 (market rent reviews every 5 years)
**Please note: Images & floor plan are of LOT 35- an identical lot two levels below **
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: $2350 p/a
Body Corporate Sinking fund : $1870 p/a
Property History for 55/30-34 Palmer St, South Townsville, QLD 4810
- 18 Dec 2018Sold for $376,000
- 26 Sep 2018Listed for Sale SOLD - $376,000
- 29 Apr 2003Sold for $245,000
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0About 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 1,809 properties. Over the last 5 years, Houses in South Townsville have seen a 88.32% increase in median value, while Units have seen a 56.54% increase. As at 31 January 2025:
- The median value for Houses in South Townsville is $549,420 while the median value for Units is $431,914.
- Houses have a median rent of $505 while Units have a median rent of $480.
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