Townhouses gain popularity in Queensland

  • 2018-03-16
The development of new apartments has been the main focus of inner-city residential developments in Australia over the previous years.

Billions of dollars have been invested into adding multi-storey residential units to the skylines of major Australian capital cities, including Brisbane. Between now and 2021, the Brisbane skyline will have around 11,000 additional inner-city apartments.

Apart from apartments, sitting in between detached homes and apartments, is the increasingly popular townhouse. Advantages of investing in townhouses are the relatively lenient planning restrictions, a higher potential for sub-division, and the continuous development of masterplan communities.

A good example of a major townhouse development in Queensland is the North Lakes masterplan community, which provides off-the-plan contemporary townhouses 30 kilometres north of the Brisbane CBD. The total population is expected to reach around 25,000 people. The precinct includes parks, schools, a day hospital, a cinema, and a major Westfield shopping hub. Major brands Ikea and Costco are also within the masterplan community.

According to Dr. Nicola Powell, data scientist from Domain, there many benefits of investing in strata title-linked and freehold townhouses, including more competitive prices for home buyers who want to steer away from apartments but are struggling with the high costs of detached homes. Dr. Powell also added that town homes are suitable for buyers who wish to downsize but also value privacy and space.

Homebuyers or investors interested in finding out more about townhouses can contact real estate agents in their area for a professional perspective. Contact details of real estate agents are available on Business Cards, which are often given out by real estate agents to promote their businesses.

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