According to statistics released by the Australian Bureau of Statistics and published by the Real Estate Institute of Australia, roughly 16,573 estate agents do business in the state of Queensland, working for 9,199 real estate establishments.
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Modern real estate in Townsville
The 2016 census found that Townsville is made up of 81,044 private dwellings. The majority of these (82.8%) are separate houses, with 8.6% and 7.1% of these being semi-detached houses and flats or apartments respectively.
Townsville has an emerging real estate market, and the infrastructural developments that have recently been proposed for the area could signal a rise in residential development and in real estate sales.
Commission structures in Townsville can be divided into fixed or tiered commission, according to the terms that are negotiated with the agent. The agent commission rate in Townsville is 2.82% on average, but commission rates may vary.
A veranda at the edge of the continent
“We are not sea people by way of being great mariners, but more of a coastal people, content on the edge of things. We live by the sea not simply because it is more pleasant to be a lazy nation, but because of the two mysteries the sea is more forthcoming; its miracles and wonders are occasionally more palpable, however inexplicable they be. There is more bounty, more possibility for us in a vista that moves, rolls, surges, twists, rears up and changes from minute to minute. The innate human feeling from the veranda is that if you look out to sea long enough, something will turn up… The beach, in Australia, is the landscape equivalent of the veranda, a veranda at the edge of the continent.”
– Tim Winton, A Coastal Memoir
Sporting a population of close to 230,000 people, Townsville is often called the second capital of the state of Queensland. Townsville is located on the northeastern coast of Queensland, very close to the central section of the Great Barrier Reef. This natural wonder, together with Magnetic Island, sees tourists flock to Townsville annually, and the tourism industry is a significant economic driver in the region.