Townsville Property Market Update: September 2026

The Townsville real estate market continues to demonstrate strong resilience, steady long-term capital growth, and robust rental returns. Whether you are looking to buy, sell, or invest, the latest data highlights excellent opportunities across the region.

1. Strong Price Growth for Houses and Units

Townsville’s median property prices have maintained a positive upward trajectory over both the short and long term:

• Houses: As of September 2026, the median house price in Townsville stands at $660,000, reflecting a 3% ($19,000) increase over the past 12 months. Over a 10-year period, house values have surged by 108% (+$343,000) from around $317,000.
• Units: The median unit price reached $450,000, marking a 4.4% ($19,000) annual rise and an impressive 92% (+$216,000) gain over the last decade.

Compared to broader market trends, Townsville’s sustained growth highlights the region’s fundamental appeal and ongoing demand.

2. Rental Market Yields & Investor Opportunities

The local rental market continues to perform exceptionally well, providing strong rental yields for property investors:

• Weekly House Rents: Median weekly house rentals rose to $600 per week, representing a 9.1% ($50) annual increase and an 82% ($270) surge over 10 years.
• Weekly Unit Rents: Median weekly unit rentals increased to $465 per week, showing an 8.1% ($35) annual increase and a 79% ($205) rise over the past decade.

Tight rental market conditions and consistent demand continue to back solid returns across key suburbs.

3. Sales Activity & Popular Price Brackets

In the 12 months leading to July 2026, transaction volumes remained highly active, particularly in accessible price segments:

• Houses: The majority of house transactions occurred in the $500,000–$750,000 range (2,984 sales), followed by 1,127 sales in the $750,000–$1M range and 1,032 sales under $500,000.
• Units: The sub-$500,000 market remains the primary entry point for unit buyers, accounting for 799 sales.

4. Vendor Activity & New Listings Trend

Listing activity in Townsville saw a healthy boost leading into spring:

• New Monthly Listings: September 2026 recorded 589 new property listings, representing a 6.7% increase from August 2026 and a 14.2% jump compared to September 2025.
• Higher seller activity provides buyers with more options while maintaining healthy market momentum.

5. Top Performing Suburbs

Top Suburbs by 10-Year Percentage Growth (%)

• Kelso (Houses): Median price $620,000 (+130.1% 10-year growth)
• Condon-Rasmussen (Houses): Median price $590,000 (+128.4% 10-year growth)
• Gulliver-Currajong-Vincent (Houses): Median price $590,000 (+128.2% 10-year growth)
• Heatley (Houses): Median price $570,000 (+128.1% 10-year growth)
• Cranbrook (Units): Median price $380,000 (+123.9% 10-year growth)

Top Suburbs by 10-Year Dollar Value Growth ($)

• Townsville City – North Ward (Houses): Median price $1.11M (+$485,000 10-year gain)
• Magnetic Island (Houses): Median price $810,000 (+$421,000 10-year gain)
• Belgian Gardens – Pallarenda (Houses): Median price $880,000 (+$417,000 10-year gain)
• Townsville South (Houses): Median price $790,000 (+$391,000 10-year gain)

Whether you are considering buying your first home, growing your investment portfolio, or finding out what your home is worth in today’s market, our team at Ray White Townsville is here to guide you every step of the way. Contact us today for a local market appraisal.

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Celebrating Excellence: Ray White Townsville Named #1 Office in Queensland & #2 Internationally

Updated 29th September 2026

The annual Ray White Awards season is always a highlight of our calendar, bringing together thousands of real estate professionals across the network to celebrate hard work, exceptional service, and market-leading results.

Following the recent Ray White Annual Awards, we are beyond proud to announce that Ray White Townsville has officially taken home top honours on both the state and global stages!

Record-Breaking Results for Townsville

Competing alongside elite real estate offices across Australasia and around the world, our team achieved remarkable success, securing major awards for performance and dedication:

• 🏆 #1 Sales Office in Queensland (Number of Sales)

• 🏆 #2 Sales Office Internationally (Number of Sales)

• 🏆 #8 Sales Office in Queensland for Commission

To be named the top-performing office in all of Queensland for sales volume—and to rank second worldwide—is an extraordinary achievement for our local agency. It reflects the relentless energy, expertise, and passion that Principals Santo Spinella and Giovanni Spinella, along with our entire team, bring to North Queensland property every single day.

What These Awards Mean for Our Local Community

While celebrating on stage is a proud moment for our team, these milestones directly benefit the property owners, buyers, and investors who choose to partner with us in Townsville.

Being the highest-volume sales agency in Queensland means:

1. Unrivalled Buyer Reach: More transactions mean a larger active buyer database, connecting sellers with qualified buyers faster.

2. Proven Campaign Strategies: High-impact, tailored marketing strategies that deliver maximum exposure and premium results.

3. Deep Local Market Expertise: Unmatched insight into neighborhood trends, pricing, and demand across the entire Townsville region.

A Heartfelt Thank You to Townsville

None of these achievements would be possible without the continued trust of our clients, property owners, buyers, and tenants. Whether you’ve trusted us with selling your home, managing an investment property, or securing your next commercial space, thank you for being part of this incredible journey.

We also extend our warm congratulations to all of our Ray White colleagues across Queensland and internationally for another remarkable year.

Here’s to continuing to set the benchmark for real estate excellence in Townsville!

Thinking of buying, selling, or looking for dedicated property management in Townsville? Contact the award-winning team at Ray White Townsville today to discuss your property goals.

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Quarterly Review: Navigating the High-Demand Rental Landscape of Q1 2026

The first quarter of 2026 has been a period of extraordinary activity for the Ray White Property Management team. As we close out March, the data reveals a rental market defined by massive tenant demand, strategic portfolio shifts, and a continued emphasis on proactive asset protection.

Here is a look behind the numbers at how our department performed from January through March.

Unprecedented Demand: The “6,000” Factor

The most striking statistic from Q1 is the sheer volume of enquiry. Our team managed 6,653 enquiries in just 90 days. This led to 1,290 attendees at our Open for Inspections and a staggering 1,220 applications received.

For our landlords, this volume isn’t just a “big number”—it’s a competitive advantage. High enquiry levels allow our team to be incredibly selective, ensuring we place only the highest-quality tenants who respect the property and the terms of the lease.

Growth and Portfolio Evolution

Our portfolio continues to expand, with 62 new properties joining our management this quarter. This growth is a testament to the trust our local community places in our systems and our people.

We also navigated several “portfolio shifts.” This quarter saw 23 properties transition out of management due to the owners deciding to sell. While these are technically “losses” to our rent roll, we view them as success stories; we assisted our clients through the full lifecycle of their investment, from management to a successful exit from the market.

By the end of March, we recorded a Net Growth of +21 properties, reinforcing our position as a market leader.

Protecting Your Asset: Inspections & Cash Flow

Property management is about more than just collecting rent; it’s about risk mitigation.

• Routine Care: We conducted 617 routine inspections this quarter. This rigorous schedule ensures that maintenance is caught early and that properties are being maintained to the high standard we expect.
• On-Time Payments: Cash flow is the heartbeat of any investment. We are proud to report that 97.2% of our tenants paid their rent on time this quarter.
• Managing Arrears: While our arrears sat at 2.8%, this figure is a catalyst for our proactive management style. Our team works daily to clear outstanding balances and ensure our landlords’ mortgage obligations are met without stress.

The Verdict

The Q1 2026 market is fast-paced and complex. Managing over 6,600 enquiries while maintaining a 97%+ on-time payment rate requires sophisticated systems and a dedicated team.

Whether you are looking to grow your portfolio or are seeking a management team that prioritizes transparency and communication, we are here to help.

Is your investment getting the attention it deserves? Contact our Property Management team today for a comprehensive review of your portfolio.

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🏡 Curious About What’s Really Driving Townsville’s Property Market?

Big changes are happening in regional Queensland — and Ray White’s Economics Team is coming to Townsville to reveal what’s next.

📊 Join us for the launch of Ray White’s brand-new Regional Report and uncover:

• How Townsville stacks up against the rest of Australia
• The impact of mining and agriculture on local property values
• Why Queensland continues to outperform the southern states

📅 Thursday, November 20th | 6PM
📍 Townsville RSL Club

🎤 Hear directly from Ray White’s expert economists and get the insights you need to stay ahead in the market.

💡 Free to attend — spaces are limited!
👉 Register now with Ray White Townsville to secure your spot.

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RBA Holds Interest Rates: What It Means for Townsville’s Property Market

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.

Why the RBA Kept Interest Rates on Hold

The RBA’s pause reflects a careful balance between managing inflation and supporting sustainable economic growth. Key factors cited include:

• Inflation is easing, but remains above the 2–3% target band
• Wage growth is solid without evidence of a wage–price spiral
• Household spending is soft amid higher living costs
• Economic growth is moderate and uneven across sectors
• Global risks (energy, supply chains, and international growth) remain a watchpoint

Bottom line: the RBA is data-dependent. It will track inflation, employment, household spending, and global conditions before adjusting rates.

Townsville Property Snapshot: Why the Pause Matters

Townsville continues to perform with resilient fundamentals:

• Strong rental demand supported by defence, health, education and infrastructure
• Tight rental vacancies underpinning competitive yields
• Relative affordability versus SEQ and southern capitals
• Continued lifestyle-driven migration and upgraders seeking value

With rates on hold, we typically see:

• Improved buyer sentiment and consistent enquiry levels
• Stable days-on-market for well-presented homes
• Competitive interest in family homes in suburbs like Kirwan, Heatley, Aitkenvale, and Oonoonba
• Investor focus around proximity to JCU, the Townsville University Hospital, the CBD, and Lavarack Barracks

Explore what’s available now:

• For Sale highlights: 28 Dunlop Street, Kelso (Offers Over $779,000); 15 Dimmock Street, Heatley (Under Offer); 3 Fishtail Street, Kirwan (Offers Over $650,000)
• For Rent highlights: 23A Mabin Street, Mundingburra ($420/wk); 20 Lakewood Avenue, Kirwan ($600/wk); 20a Riveredge Boulevard, Oonoonba ($480/wk)

What Buyers Should Do Now

• Refresh your pre-approval: Lenders update servicing models regularly—stay ready to act
• Compare loan features: Offsets, redraw, and fixed/variable splits can lower total interest paid
• Budget for total cost: Include rates, insurance, and maintenance alongside repayments
• Target high-demand pockets: Kirwan, Heatley, Aitkenvale, Pimlico, Oonoonba, and Magnetic Island listings for lifestyle and yield

What Sellers Can Leverage

• Presentation wins: Staging, minor repairs, and professional marketing lift enquiry and offers
• Price with precision: Align with recent comparable sales to attract multiple qualified buyers early
• Timing: Rate stability supports confidence; list into momentum to shorten days on market
• Consider auction: Transparent competition can maximise outcomes in a stable-rate setting

For Investors: Yields and Risk Management

• Rental yields remain attractive relative to capital investment
• Focus on fundamentals: Walkability, transport links, major employers, and school catchments
• Maintain buffers: Keep contingencies for maintenance and any future rate shifts
• Review structure: Assess interest-only vs P&I and appropriate fixed/variable splits for your horizon

Indicators to Watch Next

• Quarterly CPI: Faster disinflation increases the odds of future cuts; sticky inflation delays relief
• Labour market: Softer jobs growth may reduce wage pressure and help inflation ease
• Global trends: Commodity prices and overseas growth influence Australia’s inflation outlook
• Lender policy: Changes to assessment rates and buffers can shift borrowing power more than small cash-rate moves

Recent Local Confidence Signals

Ray White Townsville has continued to transact quality homes across the region, including:

• 37 Murphy Street, Deeragun (Sold 13 Oct 2025)
• 10 Caspian Court, Kelso (Sold 10 Oct 2025)
• 19 Adams Street, Heatley (Sold 10 Oct 2025)
• 10 Barnard Street, Aitkenvale (Sold 9 Oct 2025)
• 13 Haig Street, Pimlico (Sold 9 Oct 2025)
• 26 Waikiki Terrace, Mount Low (Sold 9 Oct 2025)

These results reflect solid buyer depth for well-priced, well-presented properties across Townsville suburbs.

Your Next Steps with Ray White Townsville

• Book a Free Appraisal: Get a precise, suburb-level valuation and strategy
• Rental Appraisal: Understand achievable rent, yield, and tenant demand
• Finance Check: We can connect you with home loan specialists for sharper rates and structures
• Property Preparation Plan: Tailored improvements and marketing to maximise sale price

Contact Ray White Townsville

• 514 Sturt Street, Townsville QLD 4810
• +61 (7) 4750 4000
• townsville.qld@raywhite.com

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Townsville Property Market Insights: September 2025

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.

Market Overview

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.

Price Segmentation

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.

Listings and Supply Constraints

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.

Understanding the Data

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.

Conclusion

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.

• Nerida Conisbee, Chief Economist, Proudly Presenting Property Market Insights in Real Time

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Ray White Townsville – Rental Market Update

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

Ray White – Auction Family!

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