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The Last Remaining Suburb In Townsville
One remote suburb within Townsville that is gaining some traction and that is Wulguru. Compared to other suburbs in Townsville which have risen 50-60% in Wulguru has only risen just shy of 30%.
Finding Investment Suburbs For Under 450K
Townsville has faced extraordinary growth over the past 3 years and is currently a raging hotspot for investors to come and dump their money, but there is still one small pocket that could be ideal…
Suburb Details:
Suburb | State | Postcode |
|---|---|---|
Wulguru | Queensland | 4811 |
There is no doubt that Townsville is having extremely good growth with investors paying 10-20k over the listing price to secure a property. Suburbs that I have written about 2-3 months ago like Vincent have skyrocketed in capital growth. Despite the higher council rates or the flood zones it hasn’t deterred investors from piling on. Personally I would not invest in the major suburbs of Townsville as it has grown too much and simply can not continue to grow at such a rapid rate. However there is one remote suburb within Townsville that is gaining some traction and that is Wulguru. Compared to other suburbs in Townsville which have risen 50-60% in Wulguru has only risen just shy of 30%.
Key Data Metrics
Metric | Actual | Trending |
|---|---|---|
Days On Market | 40 | Trending Down |
Stock On Market | 0.35% | Flat |
Vacancy Rate | 0.31% | Flat |
Current Population | 4,389 | - |
Online Interest | 93 | Trending Up |
Vendor Discounting | -5.15% | Trending Down |
Proportion Of Renters | 30.4% | Flat |
Location & Infrastructure
Wulguru is a suburb of Townsville in Queensland, Australia, situated approximately 10 kilometers south of the Townsville city center. The suburb is primarily residential, featuring a mix of established homes and newer developments. Key infrastructure in Wulguru includes educational institutions like Wulguru State School and nearby William Ross State High School. The area is well-connected by public transport, with regular bus services linking it to central Townsville and other surrounding suburbs. Residents have access to essential amenities such as local shopping centers, medical clinics, and recreational facilities. The suburb is also close to Lavarack Barracks, a major Australian Army base, and the Townsville University Hospital, ensuring comprehensive healthcare services. Additionally, Wulguru offers several parks and green spaces, providing residents with ample opportunities for outdoor activities and leisure.
Other Important Factors:
Wulguru has all the right metrics of short term capital growth with vacancy rates, days on market & stock on market incredibly low. This has immense price pressure and will further drive prices up.
The suburb has an abundant amount of developable land supply around the area meaning if a developer were to come in, they can build a large amount of supply in a short period of time dampening house prices.
Apart from Townsville being a diverse economy it has major infrastructure projects underway. These include the Hydrogen Hub, upgrades to the RAAF Townsville Base, and the Haughton Pipeline project. These developments are set to create jobs and boost demand, attracting new residents to Townsville for the foreseeable future.
Nearby Major Projects:
$70 Million Hydrogen Hub: Construction will begin next year and be complete in 2026, with initial commercial operations scheduled to start in 2027 - Link
$35 Million In Critical Infrastructure for Lavarack Barracks and RAAF Base Townsville in North Queensland - Link
$500+ Million Haughton Pipeline Project: creating huge job opportunities - Link
Why Buy Under 450K?
The reason I started I looking for properties under $450,000 is because it takes forever to save enough cash for the average worker. With about $45,000 (10% Deposit) and paying Lenders Mortgage Insurance (LMI) you can enter the market today in a regional location. And when you pick the right property in the right location you make some serious equity!
Example Property:
Metric | |
|---|---|
21 Dommett Street, Wulguru QLD 4811 | |
Purchase Price | $420,000 |
Stamp Duty | <$20,000 |
10% Deposit | $42,000 |
Expected Rental Price | ~550-600/Week |
Expected Rental Yield | +6% |
*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.
Pro’s Of Investing In Wulguru
Strong rental yields (6%+) with strong future capital growth.
A number of infrastructure projects happening driving demand up.
Days on market is average however supply is low → Strong Demand.
Basically the only suburb left in Townsville that hasn’t grown 50%+
Away from the major flood zones, should be cheaper insurance premiums.
Con’s Of Investing In Wulguru
Extremely hot market, expect to pay 10k over listing price.
Away from Townsville CBD but still relatively close.'
Large amounts of developable land supply.
Ultimate Verdict
Wulguru is the last remaining suburb in Townsville that would be worth investing but prices are catching up fast to the rest of the region. Rental yields are strong and be prepared to pay 10-20k over the listing price. Accept that you have missed out on 30% of growth and be prepared to fight with other investors in a very hot market. In 6 months time you would have missed the boat! But remember there is always another suburb and another deal :)
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Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.
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