The suburbs where owner occupiers live
Core Logic has said 47 per cent of properties in Townsville are selling at a loss . Dean Dank, Principal at Explore Property TownsvilleRANGEWOOD has topped the list of Townsville suburbs with the most owner-occupiers.According to CoreLogic figures, only 5 per cent of households in the semi-rural suburb are renters. A total of 36.8 per cent own their home outright, 56.6 per cent are purchasers and the rest are classified as “other”.Explore Property Townsville principal Dean Dank said the suburb was popular with owner-occupiers because it was family-friendly and offered an idyllic lifestyle with larger blocks.He recently sold 55 Rangewood Drv in Rangewood to owner-occupiers, while the vendor had lived in the home for decades but had decided to downsize.The home was on the market for less than a month. Mr Dank said buyers were conscious of whether the area they were buying into had lots of renters.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“People will ask if there is mainly renters or if it’s owner-occupiers, so we try to find that out as part of the listing,” he said.“I think Rangewood is so popular with owner-occupiers because of families that want space, whereas the new developments are building smaller and smaller blocks.“It is very family-orientated.”Mr Dank said a new wave of homeowners were starting to buy property in Rangewood.“There is a bit of a changing of the guard happening in Rangewood with people in their 60s and 70s downsizing,” he said.“You can also have a bore there and it’s not as far out of town as Rupertswood.”All the suburbs in the top five were semi-rural locations made popular due to the lifestyle they offered.