House Value – Townsville
If you are a homeowner, than you know that being aware of what your houses value is, is an important thing to do. Real estate is a huge investment, and being aware of what such a large investment is worth only make sense. A lot of people do not realize how many factors impact a houses value, factors like climate, geography, crime rate, and surprisingly too many the history of the area. This is due to a few reasons, one of them being that cities like Townsville that are rich in history, are popular tourist destinations. And popular tourist destinations means that the city has at the very least one strong industry to support it, or in the cast of Townsville numerous. Cities with strong economies and thriving industries are keys to making a city attractive to potential home buyers. This is because no one wants to move to where there are no jobs, and where no one will travel to. Because of the rich history of Townsville residents have seen their houses values stay strong, even when other areas of the country were not.
The city of Townsville was officially declared to be a municipality in February 1866, and had John Melton Black as its first Mayor. From that point the city began to develop quickly, in large part because it became the major port and service center for the Cape River, Ravenswood, Etheridge, Gilbert, and Charters Towers Goldfields. As the sugar and pastoral industries developed and thrived alongside, the population of Townsville began to expand, reaching 4,000 people by 1882 and 13,000 by 1891. It was only a few years later in 1902, that the municipality of Townsville was officially proclaimed a city under the Local Authorities Act.
Still today, the city of Townsville and the Northern area of the Queensland is home to a heavy military presence. During the Second World War the city played home to over 50,000 Australian and American military personnel. It also became a major staging point for battles that were fought in the South West Pacific. Some of the unites that were based in Townsville during the Second World War include: The North Eastern Area Command HQ, Townsville, Sturt Street (which is known now as the Federation Building); Green St. Bunker, West End, Sidney Street West End, Project 81 (which is not the SES Building); No.3 Fighter Sector RAAF, Wulguru & North Ward; as well as the 96th Engineer Battalion; and 1 Wireless Unit, Pimlico & Stuart & Roseneath. Because the city of Townsville was so heavily involved in the war, it did not take long for it to become somewhat of a target. In July 1942 three small Japanese Air Raids were made against Townsville. By that point Townsville had become the most important and necessary air base in the country. Multiple 500-pound bombs were dropped into the Harbor near Oonoonba and the Garbutt Airfield. Luckily there were no casualties, however the city did sustain a fair bit of damage.
The history of Townsville is one that is filled with stories, events, and heroism. Not only do these things increase the housing values, and the tourism that the city gets, but it also adds a sense of pride to the resident, and overall interest in the city. While this does not impact house values as much as the job opportunities that the history of the city brings via the tourism industry, it sets the city apart from others. House values in this area reflect the rich history, and the demand for real estate that has developed because of it.