Not quite a year on from the floods, properties in some Townsville suburbs are once again, starting to sell at pre-flood prices again.
A flood-free home in Waterstone Tce, Idalia has now changed hands for more than $500,000 and at a price point that it would have been expected to achieve before the February 2019 floods, according to marketing agent Margaret Hill of Helen Munro Property.
Ms Hill said listings were starting to pick up again and return to more normal levels as confidence returned to the market.
She said owners were now prepared to list for sale again particularly in popular suburbs such as Idalia.
“It is really interesting to see. I have got three other listings in the area now,” Ms Hill said.
Minnelese and Paul Coetser are delighted to have secured the house, after moving to Townsville from Victoria just a couple of weeks before the floods.
The couple and their children had moved into a rental property elsewhere in Townsville which flooded and had to quickly find new accommodation.
The five-bedroom house at Waterstone Tce had been on the market for sale at the time but the owners took it off after the floods and offered it to the family to rent.
“We moved in here and thought that it was a great place,” Mrs Coetser said.
They loved the home and the location and recently approached the owners to see if they were still keen to sell.
“Last week we signed the papers,” Mrs Coetser said.
She said the home was close to everything including the new Fairfield Central shopping centre, and schools.
“We don’t need to go anywhere else, everything we need is here,” she said.
“It’s just a lovely, beautiful suburb it has great walking tracks and we go for a walk every night.”
And Mrs Coetser said the bonus was they were able to try out the house before they bought it and didn’t need to pack up and move again.
CoreLogic figures reveal 39 houses have sold in the suburb in the past 12 months, with the median house price now stabilising only dropping by 0.4 per cent in the past three months.
The home is just a minute’s walk to the lake, parklands and bike paths. It is also close to the university.
It has open plan living areas, and multiple indoor and outdoor entertainment areas.