Townsville Property Market Outlook for 2025

The city of Townsville is a North Queensland gem renowned for its crystal-clear waters, white sandy beaches, tropical weather, and proximity to the Great Barrier Reef. Beyond its picturesque holiday destination for travellers, Townsville offers its locals the comfort and convenience of a bustling main city beside a tropical and laidback lifestyle.

With its relaxed lifestyle by the beach combined with a strong economy and a variety of job opportunities – Townsville is becoming a popular location to buy and invest. Townsville’s property market is forecasted to grow by 25-30% in 2025 due to the high demand, and current low supply of housing.

Townsville presents an opportunity for investors and those looking to enter the property market at a more affordable price point than other major cities.

Townsville Critical Stats

Population: 234,283 (2021 Census)

Population Growth Rate: 3.2% increase from 2016 to 2021

Families: 60,417

Median Age: 37 years

Number of Private Dwellings: 103,968

Median Household Size: 2.5 persons

Median Weekly Household Income: $1,621

Median Monthly Mortgage Repayment: $1,517

Townsville Real Estate Market Insights

Median House Price: $524,000 (+28.79% since November 2023)

Median Unit Price: $365,000 (+19.45% since November 2023)

Median House Rental Price: $520 per week (+10.6% since September 2023)

Median Unit Rental Price: $400 per week (+12.6% since September 2023)

Living in Townsville in 2025

In 2025, Townsville offers an appealing property market for both buyers and investors alike, highlighted by the increase in population and high demand for property.

Economy

Townsville has the most improved economy in Australia, claiming this title five years running. The strength of the economy is largely thanks to its port expansion, which has increased imports and exports for all of Australia. The $251 million expansion has equated to more trade, businesses, and jobs – attracting a larger residing population to the city. 

Townsville’s solid economy is backed by the government, investing in the city’s defence, mining, manufacturing, and energy improvements. The CopperString 2032 Project, for example, is a $5 billion plan funded by the government to connect North Queensland to the national electricity grid – making Townsville a hub for renewable energy.

With these industries developing, more job opportunities arise for high-income and skilled workers, attracting business investors and families to Townsville and strengthening the economy.

Lifestyle

In addition to stable job opportunities, Townsville's appeal is also in its convenient and laidback lifestyle.

Townsville is set to develop infrastructure to improve transport between Townsville, Cairns, and Brisbane, as well as expand and upgrade the CBD by adding new offices, entertainment buildings, and public areas, and improving accessibility to health and education facilities, like expanding the Townsville Hospital and James Cook University.

Alongside new developments, Townsville holds a tight grip on its charm and relaxing nature. Townsville features stunning bushland amongst the water, located among some of Australia’s most distinctive landmarks, like the Great Barrier Reef and Castle Hill. With long coastlines, hills and mountains, and national parks and reserves – Townsville encourages an enticing outdoor lifestyle.

Should you buy property in Townsville in 2025?

The year 2025 offers a thriving property market in Townsville. Set to increase by 25 to 30%, the Townsville property market is booming and provides a stable opportunity for investors and buyers.

Despite being one of Australia’s major cities with a strong economy, business prospects, job opportunities, and enhanced liveability developments – Townsville is still highly affordable.

If you’re considering buying into the unwavering property market in Townsville in 2025, the best time to get started was yesterday. The second best time to get started is today.

Maidment Group have been delivering real estate solutions to North Queensland for 22 years. We have developed a selection of residential projects in Townsville that enrich the lives of homeowners and provide developmental opportunities for investors.

For more information and enquiries about our Townsville properties, contact us today.