The Reserve Bank of Australia (RBA) has held the cash rate steady at its latest meeting. For homeowners, buyers, renters, and investors in Townsville QLD 4810, this decision offers a clearer runway to plan your next property move with confidence.
Below, Ray White Townsville unpacks the RBA’s reasoning, the local market impact, and actionable steps to take now.
The RBA’s pause reflects a careful balance between managing inflation and supporting sustainable economic growth. Key factors cited include:
Bottom line: the RBA is data-dependent. It will track inflation, employment, household spending, and global conditions before adjusting rates.
Townsville continues to perform with resilient fundamentals:
With rates on hold, we typically see:
Explore what’s available now:
Ray White Townsville has continued to transact quality homes across the region, including:
These results reflect solid buyer depth for well-priced, well-presented properties across Townsville suburbs.
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Welcome to our latest update on the Townsville property market, where we present real-time insights into property prices, trends, and performance. This report provides a comprehensive overview of the current landscape, highlighting key statistics that reflect the ongoing dynamics in this vibrant region.
The Townsville property market continues to show strong resilience and growth. With a geometric mean house price of approximately $570,000, this represents a remarkable 15.4% increase from the previous year. Over the past decade, house prices have surged by about 83.8%, equating to a solid $259,000 gain.
Units in Townsville have also performed well, with a geometric mean price of around $410,000, marking a 16.1% rise compared to August 2024. Over ten years, unit values have climbed approximately 55.6%, or $148,000. This consistent growth outpaces many broader market trends, driven by sustained buyer demand.
An analysis of the market by price segment reveals vibrant activity across various price points. In the affordable segment under $750,000, there were 4,532 house sales and 1,212 unit sales, showcasing significant engagement. The mid-tier market remains robust, with 731 houses and 82 units transacting between $750,000 and $1.5 million.
Interestingly, houses priced above $1.5 million recorded 42 sales up to $3 million, and 9 sales exceeded $3 million, while units saw 7 sales up to $3 million and 6 above. This distribution indicates a dynamic market that maintains strong interest in both accessible and premium offerings.
In August 2025, new listings in Townsville experienced a significant 16.5% monthly decline, totaling 288 properties. This represents a notable 37.3% decrease compared to August 2024 and is 30.9% lower than August 2023. Such pronounced reductions reflect persistent supply constraints, reinforcing limited vendor activity within the region.
These trends have intensified supply pressures compared to wider regional markets, coinciding with broader market conditions characterized by reduced listing volumes.
Our pricing data, sourced from Neoval Research Group, provides comprehensive coverage across all major Australian capital cities and regional markets. We use the geometric mean for price calculations, which offers a more accurate representation of market performance compared to median or arithmetic mean measures. This method accounts for the compounding nature of price appreciation, providing a stable measure of underlying trends.
The Townsville property market remains robust, characterized by strong demand and resilient growth across various price points. As we move forward, keeping an eye on supply levels and market activity will be crucial for understanding future trends. Our ongoing analysis aims to provide clear and accessible insights for property professionals and interested readers alike.
Stay tuned for more updates on the Townsville property market as we continue to monitor and analyze the evolving landscape.
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The rental market in Townsville continues to show strong signs on low vacancy and strong rental demand. At the time of writing this, there are 420 houses and units available for rent in Townsville our of approx. 26,000 rental properties representing a 1.6% vacancy rate.
Leading into the last quarter of the calendar year, we will see the rental market activity rise fuelled by the transient population movements. Strong industries like Defence, Education and Medical will continue to fuel the already tight market in Townsville. 2025 will see additional Australian Defence Force members relocated to the region seeing an additional 500 members and and their families relocating as part of the defence strategic repositioning of assets to the region.
2025 will also see works commencing on the expansion of the Townsville University Hospital which will bring contractors to the region along with more medical staff positions once works are completed.
As December approaches we will see an increase in rental stock hitting the market as we transition through this phase.
The average median rental yield across Townsville over the months of May 2024 to August 2024 has held strong at 6.2%, representing a median rent across houses and units across the region of $416 per week.
If you are looking for a property manager that understands the market to achieve the best possible returns for you investment, then get in touch with one of our friendly Ray White Townsville Property Management Team members today.
Santo Spinella – 03 September 2024
Auctions have proudly been part of the fabric of this fourth generation, family-owned and led business since 1902. This method of sale is one we believe in and have recommended to our clients since then. We still believe it’s the purest form of selling real estate.
Auction is a form of selling real estate where the market determines the price of an asset in an open forum negotiation, which is essentially what happens on auction day. Buyers can look each other in the eye and see what someone else is prepared to pay for it, and can then decide if it’s worth more to them and continue bidding, all on an open and even playing field in regard to terms and conditions.
The seller has the benefit of exposing their asset to the entire market, maintaining control of the process by only selling should their reserve price be met. It’s also sold on favourable terms as an unconditional contract gives security to the transaction that what a bidder offers, is what a bidder pays. During other methods of sale, so often the contract price is renegotiated, for example during a due diligence period, which might only come weeks or even months after the contract was agreed. Auction requires the buyer to do their due diligence prior to deciding how much they’re prepared to pay. Vendors can sell any time before the auction – if a good offer comes in; on the day – through competitive bidding and open negotiation on the auction floor; or sometimes when further negotiations are required, they can sell it post-auction.
No matter what state the market is in, an auction campaign, if carried out correctly, gives you the best chance of creating that competition between bidders to achieve the maximum price for the vendor. At worst, an auction campaign gives you a platform. A platform where post-auction negotiations can take place to still achieve the best possible outcome for the vendor, and for those unsuccessful, they become a pool of buyers for the future.
Santo Spinella – 28 August 2024