Townsville leads the way in affordable housing

first_imgA TOWNSVILLE development is dispelling the myth that home ownership is no longer affordable.The Village in Oonoonba fought off competition from four national finalists to take home the coveted Gough Recruitment Award for Best Affordable Housing Development.In doing so, the State Government-led development has set a national example that affordable housing is achievable.Property Council of Australia chief executive Ken Morrison said the award recognised the developer’s commitment to put inner-city home ownership back within the reach of Townsville residents.The Village in Oonoonba has been named Best Affordable Housing Development in Australia.“The Village offers a diverse range of high quality housing options — from affordable terraces to waterfront homes. This mix of housing caters to a wide demographic and creates a liveable and vibrant community,” Morrison said.Owned by Economic Development Queensland, The Village is just 3.5km from the centre of Townsville and will eventually be home to around 1000 ­families.Townsville property agent Mark Pritchard is among those to call The Village home, drawn to the area by its affordability and community feel.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“A lot of the homes sit on small blocks, around 400sq m which is how they keep it affordable and low maintenance,” he said. “It’s a great concept bigger cities could certainly benefit from.“(But) it’s not just the affordability factor that makes The Village a great place to live. It’s a great community with people from all walks of life.”Award sponsor and Rider Levett Bucknall Innovation director Chris Marais said increasing affordability concerns in Townsville meant many buyers had been priced out of the market.“As lots range from 70sq m up to 700sq m, EDQ was able to offer a greater variety of dwelling size and price points,” he said.“And a massive 78 per cent of all residential dwellings are priced at or below the median house price in Townsville — which far exceeds the 50 per cent target set by EDQ.”last_img read more