Annandale QLD 4814: Property Market Report & Real Estate Insights

Part of Townsville, QLD

Annandale Real Estate Market Outlook

Thinking about buying in Annandale? Now could not be a better time, with 3333 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $681,000 with prices in this suburb ranging from $284,000 to $3,203,000. Annandale is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Annandale

Consistent high demand relative to supply is a key feature in Annandale driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Annandale ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Annandale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Annandale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Annandale, a well-regarded suburb in Townsville, Queensland, offers a vibrant blend of suburban comfort and urban convenience, contributing to a dynamic housing market. Known for its family-friendly environment, Annandale boasts a variety of housing options, predominantly detached single-family homes with leafy surroundings. The architecture is a mix of classic Queenslander homes and more contemporary builds, providing options for both traditional and modern tastes. The housing market here has experienced steady demand, attributed largely to its appealing locale near essential amenities, reputable schools, and James Cook University. Additionally, the suburb is bordered by the Ross River, offering scenic views and recreational opportunities which enhance its desirability. While prices have seen fluctuations similar to broader trends in the Australian real estate market, Annandale maintains a strong appeal due to its balance of affordability and quality life offerings.

Living in Annandale offers residents a pleasant suburban lifestyle with the conveniences of city living. Families, students, and professionals benefit from its proximity to educational institutions and healthcare facilities, such as the Townsville Hospital. The community is known for its greenery, with numerous parks and walking trails along the river, making it ideal for outdoor activities and fostering a healthy lifestyle. The suburb is also well-served by public transport, making commuting straightforward for those working in Townsville’s central districts. Socially, Annandale offers a tight-knit community feel, hosting local events and activities that encourage neighborhood engagement. Overall, its strategic location, combined with recreational and essential offerings, establishes Annandale as a desirable place to reside within the larger Townsville area.

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