Lot 20 Neerebah Court, Julago QLD 4816 – Elliot Springs Estate


  • 4
  • 2
  • 2
  • 375m²
  • H & L

Elliot Springs Estate is a residential development located in the outskirts of Townsville, Queensland, Australia. It is being developed by Lendlease, a leading international property and infrastructure group. The estate is situated approximately 15 kilometers southwest of Townsville’s central business district.

Key features and aspects of Elliot Springs Estate include:

Location: The estate is nestled amidst the picturesque landscape of the foothills of the Hervey Range, offering residents views of the surrounding natural beauty.

Land and Housing: The development encompasses a large area of land and is designed to provide a range of housing options. It aims to cater to a diverse range of lifestyles and budgets, including house and land packages, land lots, and potentially future apartment-style living.

Amenities: Elliot Springs Estate aims to create a self-sustaining community by incorporating a variety of amenities. These may include schools, parks, playgrounds, walking and cycling trails, retail and commercial precincts, and recreational facilities.

Sustainability: The estate is expected to incorporate sustainable design principles, focusing on energy efficiency, water conservation, and environmental stewardship. Lendlease has a commitment to sustainability and may implement various initiatives to reduce the development’s environmental impact.

Connectivity: Elliot Springs aims to provide connectivity to the broader Townsville region with well-designed road networks and public transportation options, ensuring convenient access to nearby facilities, services, and employment hubs.


Townsville Opportunities and Growth:

  1. Mining and Resources: Townsville has a strong presence in the mining and resources sector. The city serves as a hub for mining operations in North Queensland, including coal mining and mineral processing. Major mining companies, such as Glencore, operate in the region, offering employment opportunities in various roles related to mining and resources.
  2. Defense and Maritime Industry: Townsville is home to a significant defense presence, including the Lavarack Barracks and the Townsville Field Training Area. The Australian Army’s 3rd Brigade is based in Townsville. The region also has a growing maritime industry, with the Port of Townsville serving as a key port for northern Australia. These sectors provide employment opportunities in defense-related fields, logistics, engineering, and maritime services.
  3. Education and Research: Townsville is home to several educational institutions, including James Cook University (JCU) and the Barrier Reef Institute of TAFE (Technical and Further Education).
  4. Health and Medical Services: The healthcare sector is a significant employer in Townsville. The city houses major hospitals, such as the Townsville University Hospital and Mater Hospital.
  5. Tourism and Hospitality: Townsville’s location as a gateway to the Great Barrier Reef and its proximity to natural attractions make it a popular tourist destination. The tourism and hospitality industry offers employment opportunities in hotels, resorts, restaurants, tour operators, and related services.

Notable Infrastructure Projects:

  1. Townsville Eastern Access Rail Corridor (TEARC): TEARC is a major infrastructure project aimed at improving freight rail access to the Port of Townsville. It involves the construction of a dedicated freight rail line, allowing for increased efficiency in the movement of goods.
  2. Haughton Pipeline Duplication: The Haughton Pipeline Duplication project involves the construction of a new water pipeline to increase the water supply to Townsville. The project aims to enhance the city’s water security and support future growth.


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  • $288.48/m

  • 19.91%

  • 5.57%

  • 1.73%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area180.34 m²
Build price$364,319
Land price$130,000
Title StatusRegistered
Contract typeSplit
Council Rates*$125/m
Water Rates*$37.5/m
Tax depreciation*$681/m
Rental Income*$2296/m
* these figures are an estimate only, based on current average rates and current relevant figures.