Latest home values in every suburb have been revealed
Budget-friendly postcodes have outpaced the top end of town as Townsville shifts to a two-speed property market.
Driven by a toxic cocktail of rate hikes and high living costs, latest quarterly home price data from PropTrack confirms Queensland buyers are abandoning premium inner-city postcodes in a desperate hunt for value.
While many metro markets cooled over the quarter, Townsville escaped the pause, with all local suburbs recording growth over the last 12 weeks with the exception of five suburbs where prices flatlined, led by houses in ritzy North Ward (median $1.58m).
Rosslea’s unit market was one of the region’s top performers
Annual data confirmed the region’s ongoing boom status, with houses in Charters Towers City surging a whopping 45 per cent.
Other top performers for the year included Home Hill (houses, up 39 per cent to $361,335), Rosslea (units, up 33 per cent to $413,826), Ayr (houses, up 33 per cent to $427,077) and Pimlico (units, up 32 per cent to $395,453).
Charters Towers City was also the state’s absolute top-performing housing market in the first three months of 2026, jumping 12 per cent over the March quarter and driving the median to $361,000.
North Queensland unit markets likewise fired up, with apartments in Ayr jumping 10 per cent for the quarter to $310,000.
Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella said the data reflected what agents were seeing on the ground.
Real Estate Institute of Queensland CEO Antonia Mercorella
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“Competition for housing is intensified around the lower quartiles of the market where affordability is greatest and its perceived potential gains are highest, and this demand tapers off as you move up the price spectrum, reflecting an increasingly divided two-speed market,” Ms Mercorella said.
She noted first-home buyers were buoyed by the Federal Government’s 5 per cent deposit scheme, which lowered the barrier to entry and pushed buyers into regional centres.
Dire labour shortages and low productivity mean supply issues will continue to put a floor under these more affordable brackets, with dwelling approvals currently running about 13 per cent below target across the state.
Ray White chief economist Nerida Conisbee said global events had compounded the housing shortage
Ray White Group chief economist Nerida Conisbee warned this structural housing shortage was being severely compounded by re-emerging global supply chain pressures.
“The escalation of conflict in the Middle East is contributing to higher fuel costs and renewed disruption to shipping routes, which will flow through to increased material and construction costs in the months ahead,” Ms Conisbee said.
“Slower price growth does little to offset the fact that new housing is becoming more expensive to deliver, limiting supply and placing upward pressure on prices over time.”
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