Townsville House Prices 2026 — Property Market Update and Suburb GuideUpdated

Townsville House Prices 2026 — Overview

Townsville is the largest city in tropical and outback Queensland and serves as the hub for North Queensland's mining, agriculture, defence and tourism industries. The city is home to a major Australian Defence Force presence (Lavarack Barracks, RAAF Base Townsville, HMAS Cairns), James Cook University and the Townsville University Hospital. Townsville's property market offers some of Australia's most affordable major city prices alongside strong rental yields driven by defence and mining workforce demand.

Townsville Median Property Prices

• Median house price (Greater Townsville) — Approximately $460,000 to $510,000 across greater Townsville as of 2025-26. Townsville is one of Australia's most affordable mid-size cities with a strong rental yield profile.
• Median unit/apartment price (Greater Townsville) — Approximately $290,000 to $330,000 for units and apartments.
• Castle Hill and CBD suburbs — Premium Townsville locations around Castle Hill and the city core range from $550,000 to over $900,000 for larger homes.
• Kirwan, Mount Louisa, Thuringowa — Established family suburbs typically $420,000 to $580,000.
• Outer suburbs and new estates — Affordable Townsville outer suburbs from $320,000 to $450,000 for houses.

Townsville Rental Yields and Investment Property

Townsville has historically offered some of Australia's highest gross rental yields among major cities, driven by the defence base employment, FIFO mining workforce and James Cook University student rental demand. Rental yields of 5-8% gross have been achievable in certain Townsville suburbs, making it attractive for yield-focused investors.

First Home Buyers in Townsville

Queensland Government first home buyer programs apply in Townsville — see qld.gov.au for FHOG and transfer duty concession eligibility.

Current Townsville Property Data

For current Townsville property prices, visit realestate.com.au or the Real Estate Institute of Queensland at reiq.com.

This article was compiled by AI and screened before publishing. See our editorial standards.