Pimlico QLD 4812: Property Market Report & Real Estate Insights

Part of Townsville, QLD

Pimlico Real Estate Market Outlook

Thinking about buying in Pimlico? Now could not be a better time, with 2061 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $404,000 with prices in this suburb ranging from $106,000 to $10,995,000. Pimlico is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Pimlico

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Pimlico is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Pimlico provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Pimlico to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Pimlico we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Pimlico a better buying opportunity than it may have been in the past.

Instant Property Valuation

Pimlico, a suburb in Townsville, Queensland, offers a unique blend of residential charm and accessibility, making it an appealing choice for homebuyers and renters. Over recent years, the housing market in Pimlico has experienced moderate growth, reflecting a broader trend seen across Townsville. With its mix of traditional Queenslander homes, post-war cottages, and more contemporary builds, Pimlico attracts a variety of residents ranging from families to young professionals and retirees. The median house prices in Pimlico are relatively affordable compared to major metropolitan areas, making it an attractive option for those looking to invest in real estate or settle in a vibrant community. Recent market analysis suggests that while demand has remained steady, there is potential for growth as infrastructure developments continue to enhance the area's appeal.

Living in Pimlico offers residents a convenient and connected lifestyle. The suburb boasts a strong community atmosphere, characterized by its friendly residents and local amenities. Pimlico is home to reputable schools, including Pimlico State High School, known for its academic excellence, which draws families who prioritize education. Its strategic location allows for easy access to Townsville's central business district, shopping centers, and the beautiful Strand waterfront via an efficient network of public transport. Additionally, recreational facilities, parks, and lush green spaces provide plenty of opportunities for outdoor activities, making it an ideal place for those who enjoy an active lifestyle. The blend of urban convenience with a laid-back, suburban vibe makes Pimlico a highly desirable location for many looking to enjoy the best of both worlds in Townsville.

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