06 June 2017

Townsville Residential Property - Top Price Winner of the Week

Image: 9 Haughton Street Mundingburra
Image thanks: www.realestate.com.au and McGrath Estate Agents
This week's winner

9 Haughton Street Mundingburra

The residential property Top Price Winner of the Week features exquisite design and property staging solutions, spacious living areas and nearly half an acre of land just a short walk to the beautiful nature reserve and promenade on Ross River.

The Eichler design 1980s built brick veneer home closed at $730,000, a whopping $389,000 above the median house price in the suburb of Mundingburra.

Property Consultants team Tracey Stack and Emma Nancarrow said, "The silky oak exposed high ceilings, enormous windows, and canopy of majestic rain trees surrounding the property is a timeless design".

The property
Image: 9 Haughton Street Mundingburra
Photo thanks: www.realestate.com.au and McGrath Estate Agents

The Eichler design, brick veneer home takes advantage of the abundant glass and natural transparency in the home, intelligently inviting the majestic greenery of the outdoors through the grand windows to accentuate the high ceilings and polished wood decor.

Set on 1822 m2 of land, this resourceful home is spacious, comfortable and functions perfectly for the profile of residents that call Mundingburra home.

Thirty-four percent of the suburb is occupied by couples with a family and 15.5 percent are mature and independent while 11 percent are independent youth studying in the city.

James Cook University and the Townsville Base Hospital at Douglas is a 5-10 minute drive, Stockland and Myer Shopping Centres is nearby and the City centre and the Strand beach is a 10 minute from this centrally located suburb.

Within 1 kilometre and a short walk for the children and mum and dad is four of Townsville's most sort after schools; St Josephs School, The Cathedral School of St Ann and St James, Mundingburra and Pimlico State Schools.

Passionate about design and gorgeous presentation of homes, estate agent Ms. Stack said, "the property is a tranquil hideaway with a long list of beautiful features".

9 Haughton Street has been characterised as an architecturally designed home with huge open living space, library, lounge and kitchen with clear aspects to the gardens and towering rain trees timelessly shading and protecting the property from the summer heat of North Queensland.

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On a balmy tropical summers' day, the breezeway and undercover entertainment area overlooking the sparkling in ground salt water swimming pool provides a perfect sanctuary from the humid conditions, relaxing in your own indulgence in peace and quite or accommodating a generous number of friends and family for ambient dinner parties, or for more upbeat celebratory events.

And for those unsettled evenings and unseasonal days, the air conditioning and ceiling fans that adorn the home provide the essential climate control appliances for all-around comfortable living with security screens keeping unwelcome guests at bay.

Image: 9 Haughton Street Mundingburra
Photo thanks: www.realestate.com.au and McGrath Estate Agents
For the book-worm or intellectual, the open plan library off the living room is a haven for discovering narratives and to let your ideas and imagination run wild, and on occasion, stretching your vision upon the leaves and branches of your own rainforest inspiration outside, transporting the subject in an instant to the giraffe-grazing reserves of the Masai Mara with a honest sense of realism.

This gorgeous home is worthy of the accolades of the Top Price Winner of the Week feature, and the owners and marketing agents can be rightfully proud of their achievements. 

The bedrooms are generous in size as the design threads the earthy feel of the silky-oak decor into the built-in cupboards. A sizable laundry becomes kids study or utility room as it rests conveniently off the main thoroughfare of the living areas.

And the handyman of the manor will be delighted with the double car port and double lock garage with enough ventilation and lighting to retreat and tinker for hours on whatever takes his fancy.

Investment profile

Mundingburra recorded 51 home sales in the past twelve months. The median property price for Mundingburra has been steady over this period showing a slight drop of 2 percent. This is an indicative figure only.

Image: Google Map of Mundingburra
Sale price anomalies can occur in the data such that properties are sold under statutory conditions. For example, marriage settlements, deceased estates, or administration errors in data collection are just some of the possible causes.

This property at Haughton Street has achieved a sale price well above the median price for the suburb. Therefore, the sale price trend for Mundingburra will show an increase now and in the following twelve months.

Although the sale price is an excellent result for the vendors and suburb, investors should proceed with caution when taking this type of sale information into consideration when researching the market. It is not indicative of the average results and values in the street or suburb.

Across the Townsville districts, median house prices have dropped. Over the past 2 years, the median price in Mundingburra has declined by 11.4 percent. Over the past 10 years, the suburb's median price for houses has eased by 6.2 percent.

However, sales volumes have increased to 51 sales in the past twelve months, a record year for Mundingburra which is traditionally one of the most inactive property sales economies in Townsville because of its appealing environment and location so close to most of the city's popular amenities, including the majestic corridor of the river's oasis of green flora and fauna.

Townsville residents move less often in Mundingburra as they do in other suburbs.

The rental yield in Mundingburra is indicative over the past twelve months at 4.4 percent. The number of rentals advertised in this period was approximately sixty-five. The current number of houses for rent is thirteen with the median rental price of $288 per week.

The neighbouring suburb of Aitkenvale, also popular with families and studying youth, has a comparable investment profile to Mundingburra.

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