Townsville real estate still hot: Data
Townsville has retained its crown as the nation’s hottest property market, with just two of the region’s 66 house and unit markets recording price drops over the past quarter.
Exclusive PropTrack valuation data reveals North Queensland has shunned a statewide real estate freeze that has wiped up to $100,000 off premium homes in the capital.
It comes as June quarter figures revealed a sharp reality check for sellers in the state’s southeast, marking the first significant cooling of the market after years of explosive growth. Across Greater Brisbane, more than one in five suburbs (22.3 per cent) recorded negative growth over the past quarter.
12 Sixth Ave, South Townsville sold for $645,000
In stark contrast, units in Townsville’s Cranbrook surged an astonishing 17.58 per cent in three months, adding $56,878 to hit a median of $380,478 and officially claiming the title for the fastest-growing property market in Australia.
The local detached housing market also recorded massive short-term windfalls. North Ward houses added $88,584 over the quarter to push the median up to $1.24m.
Further south, Alligator Creek acreage houses jumped by $53,357 to land at $981,715, while an hour and a half inland, the Charters Towers suburb of Richmond Hill saw homes add $41,826.
58C Alligator Creek Rd, Alligator Creek sold for $710,000
Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella said a tide of interstate migration was acting as a cushion for the Sunshine State, protecting it from deeper corrections.
She said New South Wales was bleeding residents straight to Queensland, accounting for 60.3 per cent of the state’s net interstate migration gain. In 2025 alone, Queensland gained 16,528 people from interstate while New South Wales lost 21,465 residents.
Ms Mercorella said the figures reflected a massive vote of confidence in the local economy, adding that when you look at the sheer volume of people moving, “it’s clear which way the cockroaches are scurrying.”
Real Estate Institute of Queensland CEO Antonia Mercorella. Picture: Richard Walker
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Townsville has emerged as a national powerhouse for these relocations, with the latest Regional Movers Index tracking a jaw-dropping 159.7 per cent annual growth in net capital-to-regional migration into the city.
Discover Buyers Agency principal Kane Dury said the gloomy national statistics sounding the alarm for a softening property market masked this structural regional boom.
“Townsville has been one of the fastest-growing markets in the country over the past year, underpinned by defence, the port, health, education and major energy projects,” Mr Dury said.
“Its median house price is still hovering in the low-to-mid $700,000s, delivering extraordinary value for northern Australia’s capital.”
199A Denham St, North Ward sold for $1.76m
While Townsville is currently bucking the downward trend, property valuers Herron Todd White (HTW) warned that incoming Federal Government tax reforms targeting negative gearing could eventually spook investors.
HTW CEO Peter Maloney noted that 78 per cent of surveyed property professionals expect residential values to decline over the next two years, making the current boom a critical window for local sellers before policy shifts begin to impact downstream market activity.
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