Record price for Magnetic Island home site
A home site on Magnetic Island has sold for a record $1.3 million. Lot 12 at Nobby’s Headland sold to a Melbourne buyer, beating the $1.2 million paid previously in the same development.
The $1.3 million price tag is highest ever paid for a single residential block in the Townsville market. The Townsville mainland record is $1.25 million for 414 square metres at Breakwater Quays.
Magnetic Island, a short ferry ride off Townsville, features in our Queensland Hotspots report as a market which is emerging strongly with genuine “blue sky” potential.