Townsville Real Estate Market Recovering

Townsville house prices are recovering after a decade of declines. CoreLogic reports that the market in all suburbs for the 12 months to June 21 are showing upwards trend, and whilst the growth is behind the major centres it shows that still have some upside moving forward as our the number of houses for sales is around 20% less than in early 2020.  We believe Corelogic data below probably lags the actual market trend and the 6 months to the end of this (coming) December 2021 will be an overall guide to the market as we enjoy low-interest rates, relaxation of Bank credit standards, jobs growth and low unemployment.

 

Suburb Growth Median Price
Castle Hill (Qld) 6.60% $933,426
Condon 8.90% $260,248
Cranbrook (Qld) 7.60% $252,370
Currajong 4.30% $254,056
Deeragun 6.30% $329,672
Douglas 3.50% $420,294
Garbutt 5.10% $310,739
Gulliver 4.00% $254,504
Heatley 12.80% $235,174
Hermit Park 11.40% $319,164
Horseshoe Bay 4.10% $438,638
Idalia 16.50% $472,517
Jensen 9.90% $429,607
Kelso (Qld) 6.50% $256,665
Kirwan 5.60% $326,144
Mount Louisa 6.40% $395,671
Mount Low 8.80% $396,678
Mundingburra 0.70% $324,005
Nelly Bay 2.60% $375,080
North Ward 5.20% $702,980
Oonoonba 15.70% $358,504
Pallarenda 7.30% $531,765
Pimlico (Qld) 9.00% $334,030
Railway Estate 9.00% $318,654
Rasmussen 7.70% $249,431
Rosslea 12.50% $356,421
South Townsville 9.10% $331,404
Thuringowa Central 5.60% $292,078
Vincent 3.90% $245,288
West End 5.70% $316,340
Wulguru 4.80% $261,004

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