The Voice of Townsville Real Estate Survey aims to provide a snapshot of real sentiment, opinion

and intentions of home owners, investors and potential home buyers.

The below findings track the responses of 120 Townsville residents who completed the survey in July

2009 on real estate website www.lynandrohan.com.

Key Findings:

• More than half of respondents intend to purchase a property by late 2010
• Almost one third of respondents will next purchase a Principal Place of Residence while another third will buy an Investment Property
• Established Houses were by far the most popular choice of property
• The most popular price range for a respondent's next purchase is from $351,000 to $450,000
• Nearly 70% of respondents won't need to sell their current property in order to fund  their next property purchase
• More than 42% of people believe Townsville real estate is Well Priced compared to 37.5% who believe it to be Overpriced.
• Nearly half of respondents believe Townsville real estate prices will rise in price by 1% -5% over the next two years
• Nearly half of respondents believe Townsville rental rates will increase in price by 1% -5% over the next two years
• 105 and 102 of the 120 respondents respectively shop for and research Townsville real estate through Newspaper Ads and Websites
• 98 of the 120 respondents will invest in Property over the next five years
• People believe the four best performing suburbs over the next five years will be North Ward, Hermit Park, West End, Railway Estate

Note: The below figures are response numbers and have not been converted into percentages.

Some questions allowed for multiple answers to be given.

Sex of respondents: Male: 58 Female: 62

Age of respondents: Age: 16-25: 7 26-36: 31 37-50: 51 51+: 31

How many properties do you own: 0: 18 1: 50 2-3: 41 4-6: 5 7+:6

When do you next intend to buy property in Townsville:  This year: 39 2010: 24 2011 or beyond: 33 I'm not looking to buy: 22

Are you looking to buy a:  Principal place: 43 Investment: 42 Both: 7 Renovate: 1 Neither: 27

Do you have a preference of property type to buy:  House: 57 Unit / Townhouse: 7 New house & land: 3 No preference: 25

How much will you be looking to spend on your next purchase:  Up to $250,000: 3 $251,000 -$350,000: 31 $351,000 -$450,000: 40

$451,000 -$600,000: 16 $601,000 -$1m: 2 $1m+: 0

Will you need to sell your current property(s) in order to buy again:  No: 63 Yes: 16 Unsure at this stage: 13

Do you think Townsville Real Estate is:  Underpriced: 4 Well priced: 51 Overpriced: 45 Unsure: 20

What do you think Townsville real estate prices will do over the next two years:  Decline: 9 Show little or no growth: 30 Grow by 1% -5%: 58  Grow by 6% -10%: 19 Grow by 11%+: 4

What do you intend to invest your money into over the next five years: Property: 98 Shares: 40 Superannuation: 31 Business interests: 18