Townsville property market booms with Queensland’s fastest-growing prices
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Townsville has emerged as Queensland’s fastest-growing regional property market, driven by strong buyer demand, attractive affordability, and exciting lifestyle opportunities.
According to recent research by Ray White, house prices in Townsville increased by nearly $76,000 over the past year, bringing the average home price to $511,758—the highest annual growth rate among Queensland’s regional cities.
After experiencing years of subdued property values, Townsville’s affordability, combined with significant economic development and lifestyle benefits, is now drawing increased interest from both homebuyers and investors.
Ray White’s chief economist, Nerida Conisbee, believes this upward trend is likely to continue, highlighting ongoing construction shortages and robust population growth as key reasons.
“There’s nothing currently on the horizon that would suggest property prices will decline in Townsville, or indeed anywhere in Queensland,” Conisbee said. “The demand remains strong, especially given the limited supply and the sustained population increase.”
Townsville’s property price growth has surpassed that of other regional centres, including Central Queensland, where the average house price increased by $69,000 to reach $488,237, and even the popular Gold Coast, which saw a rise of $66,000, bringing its average price to over $1.2 million.
Giovanni Spinella, Principal at Ray White Townsville, expects the region’s strong market performance to continue throughout the year.
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“Townsville is positioned for ongoing growth, especially with recent interest rate cuts, continued affordability, population growth, and major local infrastructure projects getting underway,” Spinella explained.
Despite rising property values, Spinella emphasised that Townsville remains an affordable market for many buyers compared to other popular Queensland locations, especially the Gold Coast.
“Even with prices rising, Townsville is still an attractive and affordable option,” he said. “With historically low supply and strong rental demand, the signs clearly point to continued market strength here.”