March 02, 2025 by Peter Baldoc

Townsville’s property market is making waves, with house prices soaring by almost $76,000 in just 12 months! Fresh data from Neoval and Ray White Group shows the median house price has hit $511,758, making Townsville the top-performing regional market in Queensland for annual price growth.

Why Are Prices Climbing So Fast?

A few key factors are fueling this real estate boom:

✔️ High Buyer Demand & Low Supply – With a record-low number of homes available and rental growth at its peak, competition among buyers is fierce.
✔️ Affordability & Lifestyle Appeal – Townsville offers more bang for your buck compared to major coastal cities like the Gold Coast.
✔️ Rapid Population Growth – The city is experiencing its fastest growth in three years, which is driving up housing demand.
✔️ Massive Infrastructure & Economic Growth – New projects and investment in the region are adding to the confidence in the market.

Will Townsville’s Property Market Keep Growing?

Experts say YES! Ray White’s chief economist, Nerida Conisbee, believes that supply shortages and strong demand will keep prices rising. Ray White Townsville principal Giovanni Spinella also expects further price increases in 2025, fueled by:

✔️ The first interest rate cut in four years
✔️ More people relocating to regional Queensland
✔️ Townsville’s affordability compared to other cities

Where Are House Prices Rising the Fastest?

Some Townsville suburbs have seen prices surge by over 80% in just three years! According to PropTrack data, the median house price in Townsville has jumped 41.4% since January 2022, reaching $526,000.

Top Performing Suburbs for House Prices 📈

🏡 Vincent – Up 81.7% to $445,111
🏡 Garbutt – Up 80% to $486,000
🏡 Saunders Beach – Up 75.6% to $525,000
🏡 Heatley – Up 69.8% to $450,000
🏡 Cungulla – Up 67.4% to $385,000

What’s Happening with Units?

Townsville’s unit market has also seen big jumps, with prices rising 23.7% in three years. The top five suburbs for unit price growth include:

🏢 Railway Estate – Up 66.6% to $311,500
🏢 Garbutt – Up 58.7% to $315,000
🏢 Aitkenvale – Up 53.3% to $346,500
🏢 Hyde Park – Up 52.3% to $268,475
🏢 Nelly Bay – Up 51.5% to $392,500

What Does This Mean for Buyers & Investors?

🏡 Thinking of buying? Prices are rising, so now might be the time to secure your dream home before they go up even further!
📈 Investors take note! With strong rental demand and capital growth, Townsville remains an affordable hotspot compared to other regions.
💰 Refinancing? With rising property values, it might be a great time to review your home loan and take advantage of potential savings.

Let’s Chat! 💬

Townsville’s property market is booming, and opportunities are everywhere! If you’re thinking about buying, investing, or refinancing, reach out today on 048 999 88 48 to explore your options. Don’t wait—this market isn’t slowing down anytime soon! 🚀