All About Oonoonba, Townsville, QLD, 4811

Oonoonba, a suburb located within the vibrant city of Townsville, Queensland, offers a unique snapshot of the region's housing market. Known for its development as part of the Fairfield Waters and The Village projects, Oonoonba combines the charm of a residential suburb with the benefits of new urban planning. In recent years, the housing market in Oonoonba has seen a moderate increase in both demand and property values, reflecting a broader trend observed across Townsville. This increase is partially attributed to the suburb's strategic position close to the city center and key amenities, making it attractive to both families and investors. The housing options range from modern townhouses to single-family homes, and recent developments have emphasized green spaces and community facilities, catering to a diverse population.

Living in Oonoonba offers residents an appealing blend of suburban tranquility and access to city conveniences. The suburb boasts a strong sense of community with well-planned recreational facilities, parks, and walking trails that enhance the lifestyle of its inhabitants. The nearby Ross River provides scenic outdoor experiences, perfect for families and individuals who enjoy an active lifestyle. Oonoonba’s proximity to schools, shopping centers, and health facilities makes day-to-day life convenient, while the short commute to Townsville's central business district supports career opportunities. The suburb's ongoing developments aim to balance environmental considerations with growth, fostering a welcoming and sustainable residential environment. Overall, Oonoonba presents an inviting atmosphere for potential homeowners or renters seeking a dynamic yet peaceful lifestyle in North Queensland.

Oonoonba Real Estate Market Outlook

Thinking about buying in Oonoonba? Now could not be a better time, with 1505 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $452,000 with prices in this suburb ranging from $96,000 to $1,499,000. Oonoonba is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Oonoonba due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Oonoonba provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Oonoonba 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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