With a capital gain of 8.25% for the last 12 months, Townsend, 2463 has performed for property investments than its average annual 4.09% property growth over the last 5 years.
Townsend,2463 was ranked 236 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Townsend should be aiming for at least -4.21% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Townsend have been waiting around 120 days to sell a property.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.