1- 16/2- 4 Freshwater Drive Douglas, QLD 4814

Apartment prices jump in chase for project viability
Selling prices of apartments in Australia's largest cities jumped a record 24 per cent in the December quarter as building costs, labour shortages and a shift towards owner-occupier grade stock pushed the average over $19,000 a square metre, new figures from Urbis show. The leap was the biggest in a decade of data the consultancy has collected. The average price of presales and under-construction projects across Sydney, Melbourne, Brisbane, Perth and Gold Coast was also up 34 per cent year-on-year and was driven by demand in Brisbane, where off-the-plan prices leaped 33 per cent from the third quarter to $23,000, Urbis said.

The 'Crest Apartments' occupy a commanding elevated corner position located opposite the Riverview Marketplace and Riverside Tavern retail/ office complexes.

Comprising:

• 16 modern two bedroom apartments
• Lower apartments include private courtyard
• Upper apartments include private balcony
• 1 x undercover park for each unit
• 4 additional guest parking
• Air-conditioning through-out
• Tiled through-out for low maintenance
• Inground pool
• Common area barbeque facility

This tenanted investment is in an excellent catchment area close to some of Townsville's biggest employers including James Cook University, Hospital and Lavarack military base.

Details from marketing agents RWC Townsville on 07 4726 7888.