Townsville

Why Townsville?

Townsville’s appeal stems from its diversified and resilient economy, anchored by significant defence presence, a large health and education sector, and its role as a gateway to the resources industry. It experiences steady population growth driven by job opportunities and lifestyle migration, while ongoing major infrastructure investments (like port expansions and defence upgrades) enhance its economic outlook and drive property demand.

Investment Highlights:

Strong Capital Growth: Significant appreciation, with houses up nearly 20% YoY (Townsville City to May 2025) and forecasts for continued growth.
High Rental Yields & Low Vacancy: Consistently high yields (e.g., houses 4.5%, units 5.7%) due to critically tight rental markets (vacancy often <1%).
Key Economic Pillars: Stable demand from major defence bases, university, and health sector provides strong underlying support.
Strategic Port & Resources Gateway: Benefits from its role as a key port city and service hub for the vital resources sector.

Approximate Costs:

House Median: Around $524,000 (across broader Townsville as of May 2025).
Unit Median: Approx. $365,000 (across broader Townsville as of May 2025).
Additional Costs: Factor in stamp duty, legal fees, potential Lender’s Mortgage Insurance (LMI), and ongoing council rates/strata levies (for units).

Ideal For Who? Townsville is ideal for value-seeking investors looking for robust capital growth and high rental yields in a regional hub. It suits those prioritising portfolio diversification driven by strong foundational industries and appeals to strategic buyers leveraging major defence, health, and port-related economic activity.