NATIONAL PROPERTY CLOCK

The Townsville residential property market has experienced a slow down in activity following the onset of the Coronavirus lock down restrictions, although we are currently seeing a very low infection rate.

Anecdotal evidence suggests that there are currently less buyers in the market, some sellers have removed properties that were listed for sale and some contracts of sale didn’t proceed following the initial onset and lock down restrictions. Broadly speaking, to date we have not seen any evidence of decreases in value levels.

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