Episode transcript
Parag Dixit
Hey, Julius. How are you?
Julius
I'm good for you.
Parag Dixit
Going very well. Have you been
Julius
bit busy in work, as well as doing some research about what's next? Basically,
Parag Dixit
so many things are happening around us. Lot of things
Julius
are happening here.
Parag Dixit
Absolutely correct. So, there's the environment is changing by the day, I suppose, with and now people are looking forward to what's going to come in the budget? What's going to come in the with interest rates and Iran war, and I think that's wars coming to an end, so that people are expecting that to come to some kind of conclusion. So lots of moving parts, right? Right now, right,
Julius
that's right, lot of moving parts, and then lot of different strategies about investment. So,
Parag Dixit
correct, correct, you're
Julius
working hard to find out more things about
Parag Dixit
about what people can do, how they can work on no great note. Thank you. I think, thank you for coming in today. We are going to talk about one more investors, darling, like the forever love story of investors, that's Townsville, and Townsville location has been such a such a place where a lot of investors keep on searching for and keep on wanting to know why Townsville is going so well. Most investors, they're they're always zero fighting over when I should invest in Sydney or I should invest in Brisbane, but some of the Australia's strongest cash flow opportunities are there in Townsville. When people see the positive cash flow, when people see the rising trends, when people see affordable entry prices, everyone is asking, is Townsville becoming Australia's next major investor hotspot? And that's what we are here today to find out whether that is that happening or what's happening in Townsville. All right, yeah, it continues. It see it, what holds it since last couple of years it's been moving, and it continues in 2026 with a double digit price growth in most of its markets, most of its suburbs. You know, the economy is pretty well diverse with hospitals and big medical centers and defense force, huge defense force, army barracks out there, major education centers out there, some billions of dollars going into projects, which are coming up in, in terms of what's happening in Townsville. What's what are people are doing in Townsville? Public investments going in, into transport, into defense, into tourism, education, this lot of stuff happening there,
Julius
and that reflects in the data as well. So, when you look at the population growth, now exceeds around 20,000 people, that's huge. And then when you look at demand and supply for properties, huge gap, when you look at the incomes, are pretty strong, demand is still surging, supply is constrained, and when you look at the property prices, most of the suburbs are still in between 650 to $750,000 a lot of suburbs are still under for $600,000 with the rental yields are very close to four and a half to 5%
Parag Dixit
Yeah, yeah, and
Julius
then there is extremely high demand from investors, as well as an owner occupier,
Parag Dixit
and correct when you have such good yields coming in, such good rents coming in, and both sides, the tenants are able to afford those rents, and the investor, the landlord, is also able to make good money out of it. It makes a good, viable option for investors to come in. It could make it a solid option for investors to come in and say, "All right, I am impressed, guys. Let me, let me invest there. If I'm going to choose markets which are across Australia towns, will definitely come up high on my radar, that that's where I, I want to go, and you, why not? So, my rental yields are, I think, the minimum in, if I, if I leave your North Ward and Castle Hill, and all of those areas, then I'm talking of upward of 3.7 3.84% and still going up to 5.2 5.3 5.4% kind of rental yields out there, right?
Julius
Yeah, correct. So, if you look at purely in terms of the data, which reflects on the property prices, then the median prices lease between 550 for few suburbs, or depends on the property type till a few million, but most of the properties are in between 650 to 750 $1,000 when you centrally looking at the suburbs like Boly Plain or Kirwan or Bushland Beach, which is northern beaches, and then when you look towards Kelso, Rasmussen, in all these places yields are carrying in between very close to four to four to in between four to 5% which is gross when you look towards income, so annual weekly average weekly income would be in between $1,500 it's to around three to $3,500 depends on which above we are targeting up to, but they had a good income in terms of the affordability for the rentals, it's not more than 36% that's the max, which you can see, that's why they have very good incomes. Entire council's inventory is below five months, and when you look at the growth pattern for from last 24 months, it's more than 55% even though in last 12 months it grew around 1.8% per month. That is like extremely high growth when you look towards the buying affordability. It's much below 40 years, or when you look at another type of data, like in terms of your income, then it's around most of the suburbs, around seven to eight times of your income, which is highest in Australia, which is good. So that means data is, yeah, it's an excellent, that's why demand and supply is lot of gap, which will give you immediate growth, but those incomes will give you a long-term sustainable growth, and then it has a combination of both the kind of made data, which is marrying together. Absolutely
Parag Dixit
right, you know what you said is so valid. So, if I'm a tenant, not more than 30% of my income is going to go into rent, and that's also good suburbs, and I'm talking of nice suburbs, even if I'm talking of a suburb, which is the castle, or we're talking of North Wards and Townsville City. I'm not paying more than 30% of my income into rent, and which is solid. And despite this, as an investor, I am getting more than 4% 5% rent, rent yield out of my property. So the landlord and the tenant both are happy in their own little ways, and saying that, okay, I am in a pretty strong position. So, if I, if you look at the popular ones, like, you know, Kirwan, if you look at the popular ones, like, like Mount Louisa, if you look at popular towns, you find out that, all right, now everywhere a tenant is happy, investor is happy, they're getting a good yield out of it, and if you're wanting to buy as an investor, if I'm a fresh investor who wants to come into Townsville, your buying affordability in years is extremely low, seven years, seven years, eight years, 10 years in terms of my income multiple, I'm happy, I'm very happy, and then 24 months, two years, the last two years I've the property has grown by more than 50% 60% 55% and which is a solid growth pattern. So, what more do you ask for in Townsville? And that's why people are making a beeline for that. People are saying, okay, I want to be there, I want to be investing into these areas, I want to be investing into this part of the country, because I am getting whatever I want to get from there, right. Yeah,
Julius
and especially the suburb, like when you look at the Kirwan or Mount Louisa. Yeah, Kirwan is pretty central, so there are a lot of investors, as well as DHA, yeah, has lot of demand in Kirwans. The Kirwan has the two pop sides of the Kirwan, there is one which is pretty old, one which is fully occupied by DHS, so there is a lot of demand by army personnels, and it's pretty central, very close to city, as well as very close to airport. Similarly, they are lifestyle suburbs, like a bushland beach or Mount Louisa, is very popular within the owner occupies. So these are the suburbs where I can see there is good demand by an owner occupies as well as an investor, also.
Parag Dixit
Yeah, correct. So, if I'm in both sides, you know, I'm happy there, right? And, of
Julius
course,
Parag Dixit
locations like suburbs, like Mount Louisa, you know, it's such a consistent suburb. I think year on year it has, it has been giving all those kind of returns. The other ones, condoms and the whole planes, and all that, they are, they're doing extremely well when we are looking at what's happening there in that town, and that is why when you look at when you look at the entire property market in the perspective of how it is doing, if I remember the totality report when it came out in November and February, then they said that this market of towns within the last five years has grown by more than 80% Yes, so even if I strip out the last two years of growth, it in the previous three years it grew by more than 30% so which is 10 years, 10% per year. So it has been a consistent five year growth pattern, which you're seeing, because it has already had its fair share of jump in the last year as well, last 12 months as well. I think it's still going to see more, and not only this, even rents in this same period of five years has grown by more than 45% 50% and that's a good one, which is it's a solid thing. Mount Louisa, most consistent suburb, I read it somewhere, it's the most consistent suburb for all these areas, good buyers' affordability, good rental yield, fantastic rental affordability. What else do you want to see in a market? You know, this is where I would like to invest, and as an, as a first-time investor, or even if I'm having multiple property portfolio, where do I want to go? I want to go into an area which is solid, which is going to give me not only defensive but also a capital growth thing, not only cash flow, but capital growth as well, and Townsville. There it is. That's where Townsville sits, right?
Julius
Yeah, correct. Then, if you look at the housing market snapshot as well, around 4800 houses were sold in Charlesville in last 12 months to December 2025 That is like a lot of sales volume,
Parag Dixit
that's a huge sales volume, that's about 200 a month or something, don't, not, not 400 a month, 400
Julius
a month, and Kirwan was most popular, where they've recorded around 445 sales.
Parag Dixit
All right, okay, Kiran
Julius
is popular most towards the investors because of the higher yield, and then there is the, and because of the DHS presence, they got long leases, there are a lot of investors who are interested. In long leases as well, and then followed by Berdel. Bertle has, like, they have biggest stock land estate, where you could see a lot of good houses, and then good development of the stock land. Bertle and Kelso recorded more than 200 sales. Bertle was most popular between the owner occupiers, and as well as the long-term rentals, like DHS. All right, and Kelso was growing because it was too affordable, because when they've got the new road, which is being connected from Townsville City to Kelso, which is upgraded, then it's very easy to reach Kelso.
Parag Dixit
Yes,
Julius
Kelso, Rasmussen, so that's why, and Kelso was much affordable. So I still remember when I used to buy property in Townsville in 2021 22 that time Kelso's property prices were very close to 260 to $70,000 Yeah, and years were like phenomenal. That's why they, we can see there are a lot of suburbs which recorded triple digit sales,
Parag Dixit
yeah, yeah,
Julius
they're around 11 suburbs. Then they're like suburb like West End, Gripper 42% Pimlico 33% and Willow was around 32% So that means there are a lot of across the LGA after that tremendous growth of last four to five years, still most of the suburbs are in between 500 to $700,000
Parag Dixit
Yeah, yeah, and correct, absolutely right. And that's the good part, you know, you've grown a lot, but you're still very affordable, and that is bringing more and more investors into it, and saying that, okay, it's grown, it's growing, and I'm still able to buy across, because my average increase over the last 10 years has given me a historical increased benefit, and I think that with that historical increased benefit, I want to go there, and similar thing, which you've seen in the unit market as well, unit market is extremely affordable, and it's continuing to grow year on year. It's continuing to grow, and where do my median prices sit? Very cheap, $370,000 or something. And in various, look, Nelly Bay, you know, most expensive unit market, about 520 or something, so early five. So that's that's cheap, that's not bad. And when I'm looking at a North Ward, you know, despite, you know, houses which being in millions, you're talking of how apartments being in units being in four hundreds, 450s or something. So it's all good, you know, the Townsville city, where most of the people who are coming from outside for temporary time, or coming in there, and they want to settle down in Townsville, so they'll first come and stay there, still a townsville city, is is it, though it's selling a lot, but it's still, it's pretty affordable for someone to go and buy there, you look, you look at all of these suburbs for the unit market, pretty good, very strong, very long term, very good price increases, still very affordable, and it's performing everywhere. Pimlico, right? I remember Pimlico. It has its even not only in the houses market. Pimlico has been extremely good, even in the unit market. It has shown a consistent growth in the unit market. It has shown double digit growth in the unit market in most of the suburbs, and that's why, whenever, whenever I'm looking at a Townsville market, so if I'm looking at an early three hundreds, four hundreds kind of an entry thing, I've got an apartment market which is still growing, and if I'm looking at a 600 plus kind of a thing, I've got a house market which is continuing to grow, and that allows me to have a good choice in the market, a good diverse choice in the market, that okay, I'm able to get into something which is a worthwhile investment, which is going to give me a good return of money, and that's why when I want to choose about where do I invest across Australia, Townsville is coming up in pretty high in my search, right,
Julius
and in both the kind of assets like housing, you don't have supply units, also you don't have a supply,
Parag Dixit
you don't have a supply, you don't have
Julius
a supply, and then gap between the houses and the units is also not significant. There was a gap, so when I was recording some data for how much around two years ago, what's the gap between the housing and the units? It was significantly higher, so there was little while, and then after that, there's a lot of pressure on the units, but in Townsville, you can't see a lot of units which has been coming into the markets as well, so they're extremely tight,
Parag Dixit
correct, correct, correct. And see, this is price wise, but even vacancy rate wise, if I look at a vacancy rate, there they are less than 3% and the vacancy rate less than 3% is pretty good, pretty strong. It's very attractive as an investor that I think, okay, when I have, when I have very, very little properties in the market to rent out, and whenever I rent out, I'm going to get credit leased pretty quickly in a couple of weeks itself, and I don't mind, right? And I've read somewhere that locations like Shaw or something, they just don't have properties, and there even one thing, which gets listed, there'll be a queue of people out there where you know they will want to rent out, but you can't, right?
Julius
Yeah, so Shaw is like pretty small suburb, which is newly developed, lot of owner occupiers, lot of owner occupiers, and then there is this good demand between the renters as well, because of the good quality homes,
Parag Dixit
correct?
Julius
So that's why in downstairs, in most of the. Suburbs where, like, suburb like Shaw or Coshgrow, Bertle, or Bushland Beach, Bowley Plain, Mount Lowe, Mount Louisa. These are the suburbs where a lot of owner occupiers and investors are interested. So, the vacancies are much below vacancies, very close to 1% You have a house, you put it on the rent, and then it's snapped like this. Yeah, yeah. Also, that's why we can record a good amount of rental growth as well.
Parag Dixit
Yeah, absolutely right. Yeah, that's it. Right, good, good. Five to 10% kind of a growth has happened in each and every suburb annually, and which is, which is good. And though it has grown from a small base, but it's still growing, and I am pretty happy with that. Right, I'm pretty good with that. Even South Townsville, I remember it is now. I think it's already crossed about $600 a week in rent, and also, which is strong, considering where we have started off from, where we are there. It's very, very nice. And unit yields are good, apartment yields are good, house yields are good. Well, then what? What else do we want to achieve there, in terms of, in terms of an income as an investor? Yeah, is that right? Yeah, that is correct. That's what we are, that's what we want to, and that's why I'm saying, okay, I have want to invest in Townsville, and because I'm getting everything right there, correct.
Julius
Yeah, so the combination is pretty good, that housing has a demand, less supply, and to support the income, you have a good yield, and then consistent trends, which are increasing.
Parag Dixit
Yes, so that
Julius
means the combination is like in good favor of the investor. Where can you favor the investor? It will allow you to hold your property, even though even the council and insurance are expensive, but at this stage, your rental income is also supporting you, is
Parag Dixit
also supporting you. Here, your gross rent is higher, and your net may be slightly lower than other places, but the net rate is so not so low, and because house prices are lower, your net rent is not getting impacted too much, so you are able to afford, and your cash out cash flow is very sustained into a pretty strong position in that. Yeah, correct.
Julius
So, if we can decode that, how the towns will market now currently, then we can look at multiple metrics, so ranging from view as it was like Townsville, City Till, we have few suburbs which are upper budget, which is like Castle Hill. We look at the Idali, or you look at the Bushland Beach, they have already touched around few houses in Bushland, which touch around 1 million. Idalia is very expensive, Castle Hill is too expensive, then if you want to see that in terms of the data, then the socioeconomic is extremely high there. So, if you look at the SIFI index, is it there between 10 out of 10 versus your 10? If you look at the 10 years growth pattern, so if you record how much it was growing as a long-term growth, then the 10 year growth was more than around nine to 10% which is extremely good when you look at the yields, since the prices have gone so much, especially suburbs like Douglas, Udalia, Bushland Beach, and Castle Hill. Yields a little bit dropped, but yes, there is a good amount of owner occupier also, so they are pretty consistent with the owner occupier when you look at the buying affordable, because of the incomes, extremely higher, renting affordability also very good. So, and when you look at the supply side, the inventory is extremely lower, which is the entire.. when you look at the entire ACT, the inventory is lower. So, when you look at the in terms of the data, when you look at the scores, right, most of the scores above 60 to 65 that means market is still hot, and there are a lot of suburbs, which, which have a gap of in between 20 to 30% that means is still around 20 to 30% of margin, which can grow up to, because of the fact that demand and suppliers gap, incomes are good, rental income is good, and then basically that gap can be covered, because people can afford to buy and hold the properties over there,
Parag Dixit
afford to buy and hold the property, or that's that's the key, right? Afford to buy and hold the properties over there, and when you're looking at various matrices, and you're looking at various ways data is interpreted there, when you look at anybody who's coming back and saying, okay, what should I do, they will also always come back by saying, all right, you are having a phenomenally tempting market to invest in, as an investor, not only as an investor, even as an owner occupier. In fact, if I remember correctly, more than 57% of, on a total basis, they are owner occupiers, which are there, which is strong, right? You close to 60% and in a, in a market which is growing year on year, and population, so my I think in about 2021 we had about 202 101 90k or 2000 200,000 as a population. I think we have just about reached 200,000 as a population, and we are estimating that in 20 years from now, or 15 years from now, you're going to be close to 280 to 300,000 in population, which is strong. It's a large city in itself. It's a strong city in itself, completely dependent on health, which is the predominant employment, and that is attracting you. That, okay, let me go there. Let me work out of there, whether I'm a self-employed or a salaried with with a low unemployment rate of around 5% it's. Not too bad at all, so I'm in a, in a happy position, and there's a lot of movement happening in terms of what government is bringing in, what private sector is bringing in, their employment opportunities are phenomenal, and which is what is bringing in the median income to two people, and there it's allowing that it has a mix of defense and education and medical and mining, and you name it, it's all there.
Julius
Yeah, so when you look at the gross GRP for the state, it's around 15.3 5 billion, as per 20
Parag Dixit
for transfer,
Julius
yeah, 2024 figures, yeah, out of which their last project for minings, like they are, they are, they are building the facility for a critical minerals like zinc, lead, gold, and magnite, and then that for the critical mineral facility they have allocated very close to a few billion dollars. Also, when you look at the copper stink project, which is supposed to be finished by 2032 they've allocated very close to $5 billion
Parag Dixit
wow, and that's a huge high voltage transmission line, which will go straight up to the Miner minerals province or something, and so that they can start getting getting great production out there. It's a phenomenal thing, you know. And once that region starts moving up, it is going to give you all the critical minerals you need, and critical minerals are now leading across the world, right now. So, that's what is the most important bit, and you're seeing movements across the globe, because people want critical minerals to be acquired, and a lot of times in US and Russia, and all of these have been used in China, have been the news for wanting to acquire critical minerals, yeah, and even
Julius
their port as well, so it's northern Australia as the largest port, and then they are, they are, they are actually developing it as a deep water, so they can have more ships coming towards the townsville, yeah, so they're spending a lot of money on the port as well, also to support that mining activities of the critical mineral, they are building an energy chemical hub, and they're spending very close to $2.1 billion
Parag Dixit
Wow, yeah, that's because all of this critical minerals and all of these things is coming together and giving you a solid, solid thing out of it, right? Not only this, I suppose there is a massive.. I think Townsville is the biggest army base, right, in the nation, in the country, right, it's the largest army base there. The army barracks are huge, and I think they are growing as well, considering they've done some kind of changes. I was reading in the news that they've, they've upgraded some stuff, they've done some kind of a, I should not say restructure, but realignment, or new plans have come through, which is bringing more and more people out there, adding
Julius
around 5000 army personnel, that means including their families. If you look for the demand for the housing,
Parag Dixit
nice. And
Julius
then when you look at the PHA leases, where the defense housing will lease your property, they're like 10 year leases. That means when you look at the rental market, yeah, it's pretty stable. Like, for 10 years, you don't have to worry about to worry, they'll maintain it, even though their management cost is little higher, but before they leave, they'll upgrade your property, they'll maintain it properly, they'll take all the expenses for your maintenances and all those stuff. So this is really good. And when you land to Townsville Airport, you can see F 35 yeah, yes, and I had seen F 35 sorties. Oh, wow, yes. So it's, it's not just not like small army barracks, or the Air Force, they have a very big presence of Air Force and Army barracks, and
Parag Dixit
it's a good place to be in, right? Yes, it's a nice beach out there. It's, I know, it's may not, may or may not be as safe as what you would want to go out in the water, but yeah, safe beaches, beautiful beach destination. Lot of stuff coming. In fact, I remember now, a lot of cruise ships are also going through it, and that same port is being now used in Townsville by the cruise ships, and they are - it's getting - they're getting more traffic out there for cruise ships, that's how they were
Julius
converting into the deep water previously to the shallow water, so they are fixing it, and they're converting into deep water, so the big terminals, yeah, so the big ships, container ships can pass through their ports, and then, yeah,
Parag Dixit
that brings through not only cargo, but it also brings to tourism place in there, and again, so another big thing, which is happening there, is the education bit. I think you've already got the couple of universities, James Cook University is in the central Queensland universities, about some 12 15,000 people are now studying between these two, I think 13,000 in James Cook itself, or something, are there as students are studying there. So that's another big, big chunk of people who are requiring to have accommodation in that area. You've got the Marine Institute, Marine Institute
Julius
is there, even the Townsville Hospital. Townsville Hospital is, as, because I had visited that hospital, it's similar as because of Westmin Hospital, but it's a medical college as well.
Parag Dixit
Yeah, all right, yeah. And that's that's big, and I think they are upgrading that, make another private hospital coming in there. There's, there's a, I think there's a, I think the Royal Flying Doctor base is also there. The service base is also, it's the base there for for the countryside. It's very nice, and it's me. Develop pretty much into, into a large hit, I think there's something. There's another project, which is coming there, around the along the university, which is, which is, which is getting into an intelligence hub about tropical intelligence and health precinct, which is their topic.
Julius
So, Townsville Tropical Intelligence and Health Precinct, so it's around $5.9 billion project.
Parag Dixit
Oh, that's a big project again, so that's why you know a large bit of army or defense, plus the education, plus the minerals. It's a good, heady combination, you know. It is providing you a massive impetus into not only as an owner occupier, because you get employment, but you also as an investor, because you get tenants who are pretty well placed there, and they are. These tenants are pretty happy with this. In fact, one of.. when you look at the whole.. when you start finding out what is the diversification in terms of owner occupiers versus renters, which we were talking at the start, you can find there are some suburbs which are like 90% of them are owner occupier. Most of the suburbs, I don't, barring a few, I think buying a handful of, maybe you can count them on fingers, they're all 60% kind of plus in in owner occupier ratios, so only a very few of them, which also has people coming in and going in and going out and all that, they have less than 50% in terms of the owner occupier ratios, correct, or more investors, but most of the good suburbs are having large owner occupier ratios coming in there. So,
Julius
towards the Townsville city, we can see more transient people, because it's city, so you see a lot of apartments, and owner occupy ratio is lower, which is around 46% Yeah, but suburb like Bushland Beach, which is like in towards the northern beaches, more than around 65 to 70% Kirwan. Yes, there is, there is a mix, but what we need to understand is when we look at the rental ratio, that is, most of the houses are occupied by DHA, so it's long-term leases, which is good for the rentals as well. Mount Louisa is purely by owner occupier, then Idalia, Douglas Castle Hill, purely buyer owner occupier. So, there is a good mix of owner occupier and investors numbers, especially when you go towards the Hitley, Kelso. Probably you could see a lot of investors' activity, because it was affordable.
Parag Dixit
Yeah, because it was affordable. That's why it is, it is, it is all these combinations this way. All these suburbs are become choice suburbs of one rocket. By that, I want to stay there, and I want to live there, and I want to be there, and I.. and it's providing me everything which I need, right? Yes.
Julius
So, yeah, that's right. And Townsville, when you drive past Townsville, everything is so connected that basically you can reach Townsville City from any suburb in next 15 minutes,
Parag Dixit
yeah, all right. If
Julius
you're towards the Raspace Hills, around 20 minutes, Diragon is around 2020-five, minutes. Now there is new suburb called Jill Abo, which is coming up, that is also quite central. So everything is so connected. And then they have built a good amount of facilities around, so when you look at the amenities around all these owner-occupied suburb, you can see a big Aldis or Woolies, they have nice lagoon and aquatic facilities, so lifestyle is pretty good there.
Parag Dixit
Yeah, in fact, I read that as well, that a lot of a few of these suburbs are getting more retail stores, more of Woolies and Poles are coming in, that the distribution is increasing across all of these areas, so that people can have amenities next to them, more retail hubs are getting created there, so a lot of infrastructure movement, even in terms of what, what facilities people get when they stay there, are also getting upgraded. Obviously, you can have lots of them, you know, huge number of apartment blocks coming in, huge number of commercial blocks coming in, small, small, small, so lot of bits which are getting added into Townsville, which is adding to the availability and to amenities which people should want to have, because
Julius
when you drive past those owner-occupied suburbs, then you can actually sense the effluency, everything is so clean, nicely maintained, nice houses, nice houses. Yes,
Parag Dixit
and it's a beautiful place, it's a beautiful
Julius
place.
Parag Dixit
Yeah, absolutely right. In fact, if I would, if I were to say, why should I want to invest into Townsville, or why should I want to go and stay there? If I get an employment opportunity there, then one of the biggest things, which comes back to me, if I'll start talking in a nutshell, is that it's cheap, it's affordable, it's great value, it's amazing rental yields. Overall, I find it as a wholesome package, which is giving me what I need. Right, it has an ideal combination of tourism doing very well there, education - we've spoken about doing very well there, defense, mining - all the traditional and the newer drivers of economy are all present there in exactly,
Julius
exactly, so what you need basically is jobs, you need more population, which will create more demand. You have a very, very less supply, plus the construction timeline is higher, plus all these opportunities or diversification of employment is extremely good. So, like, you see, there is no concentration in one side. Right,
Parag Dixit
there's no concentration one side. Yeah, correct.
Julius
So it's a combination of good growth patterns in terms of the employment indications, in terms of the good population growth, good health infrastructure, good defense infrastructure, good amount of job, plus good income, good buying and renting affordability, and plus there is a lot of demand. Plus, when you look at after around 70 to 80% of growth from last five years, you're still under $700,000
Parag Dixit
you're still under $700,000 right? Correct, absolutely right. And that's why, whenever, if even if there are some tenants, because the rents have grown up, even if there's somebody who finds that is there a rental pressure coming in, there that market is is now gone up too fast, it is not, because there are good incomes which are driving everything, and rentals are good. The properties are good, nice, clean, and beautiful. And I'm getting, and there's a affordable rent there. Yeah, and there is an.. if I want to buy it, as a buying affordability there, my rent yields are good there. So there is the rental bit is all very well managed for both the sides, right, and as a purchaser, as an investor, if I'm an investor, I'm can get in property between 600 to about $900,000 pretty nice, and a good, nice, good property, right, and between, if I'm owner-occupy, between 600 to about 1.11 point 2 million, I can start getting beautiful properties in that
Julius
nice facilities, good house,
Parag Dixit
good houses, nice houses, nice environment, good thing, nice air, good schools, good stuff to do. When I want to do that, everything kind of, or everything kind of lines up to what I want to do, whether as I'm an ownership power, whether I'm an investor in London. Yeah, you
Julius
have good amenities around suburbs, are built in a way that everything is so close by, you have a good employment opportunity coming up, so it was ignorant market few years ago, but it's in mainstream. There's a lot of focus from government, lot of investments, lot of job opportunities, and lot of demand,
Parag Dixit
and lot of demand. In fact, that's the correct thing, and that's why when we talk about Townsville, we all understand it's changing, it's changing fast, it's changing very quickly, but the investors who understand this market early are the ones who will benefit the most. It's a lot of investors are going there, but the ones which are going in now, or have already got in there, are really reaping in the benefit and are really reaping in the wealth with creation, which they wanted to actually achieve out of, and that's where Townsville sits, and that's why Townsville is so popular amongst all of the people who want to consider the investors or owner occupiers, both alike. Right,
Julius
yeah, that's right.
Parag Dixit
Awesome, thank you so much, guys. Thank you so much for listening in. See you guys in the next episode for our new location, which we are going to find out, and see, and come back and deep dive into it, and find out why should someone invest into it.
Julius
Thanks a lot.
Parag Dixit
Thank you.