Is Townsville a Good Place to Invest in Property?

The city of Townsville is located on the north-eastern coast of Queensland, Australia, renowned for its stunning beaches, close proximity to the Great Barrier Reef, and combination of a tropical lifestyle and city comforts. With the strong and stable rental demand, resilient economy, and increasing population – it’s not just us that are biased  – Townsville has proven itself as a strong investment opportunity for property.

Townsville Demographics Overview

The population of Townsville is 234,283 (ABS, 2021). Local residents are 50% female and 50% men, with the median age being 37. Townsville is home to a diverse community of cultures and  is full of young professionals and families who enjoy both city life and coastal living. 

A Look at Townsville’s Real Estate Market

A Look at Townsville’s Real Estate Market

Median house price: $524,000 (+28.79% since November 2023)  

Median house rent: $520 per week (+10.6% since September 2023)  

House rental yield: 4.72% 

Median unit price: $365,000 (+19.45% since November 2023) 

Median unit rent: $400 per week (+12.6% since September 2023)  

Unit Rental yield: 6.13%  

Number of private dwellings: 83,238 (ABS, 2021) 

Reasons to Invest in Townsville Property

Persistent Economy

Townville has experienced various cycles of economic uncertainties – however, thanks to its diversified economy, the city always bounces back. With Townsville positioning itself as a major logistics and defence hub, there are stable employment opportunities in areas like agriculture, mining, and defence. The economy also benefits from the strategic location of Townsville. A gateway to the Asia-Pacific region, Townsville plays a critical role in facilitating international trade opportunities for businesses and investors alike.

Strong Rental Demand

With a growing population and an increasing number of people relocating to the city – the rental demand is strong in Townsville. The average rental yield for a unit in Australia is 3.96%, whereas Townsville has an appealing rental yield for a unit of 6.18% – giving investors great opportunities for steady rental income.

Future Development

As the population grows, so does Townsville. The City of Townsville Council is continuously looking to develop the region’s future by capitalising on its strategic location, showcasing access to skilled workforce, and upgrading infrastructure and amenities. A current project underway is the North Queensland Simulation Park (NQ Spark). Benefiting Townsville’s economy, the NQ Spark will develop defence and research capability to develop Defence and Science Industry presence – providing high paying employment opportunities.

Access to Education and Healthcare

Townsville offers access to a variety of market leading health amenities and services, as well as world class education facilities. Access to high quality key facilities like healthcare and education, adds value to the properties in the area for many home buyers and renters – therefore, it’s important for property investors to take this factor into consideration.

Investing in Townsville

Townsville is amongst the fastest growing regions in Queensland. For buyers and would-be investors looking to stake their claim, 2025 is an ideal time to get into the local market. For those looking to buy and build, John Munro Home Builders Townsville can help you to build your perfect home.