The Townsville suburbs popular with Generation Y

first_imgA street sign in Douglas.DOUGLAS, Bohle Plains, Mount Low, Deeragun and Idalia top the list of suburbs Gen Y residents like to call home in Townsville.According to Core Logic data the average age of residents is 30 or below for the five suburbs with the 20 to 29 age bracket having the largest percentage of residents.Ray White Douglas agent Nicole Plozza who specialises in the Douglas area was not surprised the suburb was so popular with young people as the university was nearby.“You get university students, nurses and army people as well,” Ms Plozza said.“You also get people where Mum and Dad have bought in Douglas then the kids end up buying there eventually, too.“You’ve got lots of walkways, beautiful ponds with turtles and everything and it is so well maintained, so it’s a place where a lot of people want to live.”Bohle Plains has surged in popularity following the Kalynda Chase estate which was started by Urbex and has continued to expand.In Douglas the average age is 24, followed by Bohle Plains at 27, Mount Low at 28 and Deeragun and Idalia both at 30.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 2020In Douglas more than one in three residents are aged between 20 and 29 and 61 per cent are under 30,Urbex general manager Peter Sherrie said Kalynda Chase offered affordability for young families.“Kalynda Chase is seeing a lot of interest from young couples who are looking for an affordable first house,” he said.“The local amenities within the estate certainly add value. The convenience of having facilities such as the tennis courts … a grocery store and restaurant, is very attractive to first home buyers.“Young couples want everything in one place and Kalynda Chase offers an affordable yet active lifestyle that first home buyers want.” Ray White Townsville agent Julie Munro said Mount Low had become popular with young families.“Mount Low is largely non-Townsvillians,” she said.“It’s people transferring here for work and professional people coming here that are migrating from smaller North Queensland communities.“They are happy to live out there and it’s absolutely swarming with young families and children.”last_img read more

Gulf of Mexico operators extend term for farm-out deal

first_imgGulfSlope Energy, Texas South Energy and another, unnamed, partner have decided to extend the term of the letter of intent (LOI) for joint drilling and development of oil & gas prospects in the U.S. Gulf of Mexico.GulfSlope Energy said on Wednesday that the trio extended the LOI until November 30, 2017, or such later time as they mutually agree.The two companies signed the initial LOI with an undisclosed firm, only described as a ‘large international oil and gas company,’ in mid-September.Under the principal commercial terms of the farm-out, the unnamed partner will drill a minimum of three exploratory wells with the option to participate in additional three-well phases on the same basis.The partner will earn a 75% working interest in each prospect by paying 90% of the exploratory costs and making a cash payment of $1.5 million to be split between GulfSlope and Texas South on a 73%/27% basis.According to GulfSlope, it will be the initial operator of record and will retain a 20% working interest in the subsalt prospects included in the first phase while Texas South will retain a 5% working interested for the subsalt prospects included in the first phase.Upon achieving certain milestones, the partner will have the right to purchase up to 20% of the common stock in GulfSlope and Texas South.last_img read more