Townsville’s coastal market: A goldmine for investors

It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar opportunities for investors.

Unlike traditional reports, the FAST 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.

Located on the northern coast of Queensland, Townsville is a vibrant coastal city known for its tropical climate and stunning waterfront.

The city is celebrated for its natural attractions, including Magnetic Island just offshore and the iconic Castle Hill lookout, which provide investors, renters, and visitors with abundant outdoor opportunities.

As a major regional hub, Townsville has been playing a key role in commerce, education, and the military, with important installations such as RAAF Base Townsville and Lavarack Barracks attracting service personnel and their families.

Additionally, Townsville’s healthcare and government services, James Cook University, and the expanding health sector bring in students and professionals.

Head of Capital Property Advisory, Matthew Hughes, said that Townsville’s defence, mining, and tourism economy, as well as growing infrastructure investment, make the city an ideal hotspot for investors.

Townsville’s median dwelling price reached $533,875 and a median rent of $495 per week.

The area also experienced strong capital growth, showing a median quarterly increase of 4.6 per cent, an average annual growth of 4.40 per cent, and a notable 12-month growth rate of 7.75 per cent.

Hotspotting director, Terry Ryder, said that investors should also consider the unit market.

“The North Qld capital has one of the nation’s busiest markets, including for well-located units by the water,” Ryder said.

Similarly, McGrath Estate Agents director, John McGrath, said investors have already started seizing investment opportunities in the area.

“Savvy seachangers are snapping up properties in this surprisingly cosmopolitan city, which offers hatted restaurants, a growing number of breweries and distilleries, and gorgeous beaches.”

“Prices are still on the lower side compared to many other parts of Queensland and gross rental yield is among the highest in Queensland, making Townsville a safe bet for both investors and owner-occupiers,” McGrath said.

With a relaxed lifestyle, Townsville offers a mix of modern waterfront apartments, suburban family homes, and rental properties, complemented by beaches, parks, and a growing cultural scene that appeals to families, students, and investors alike.

Check all the suburbs in the FAST 50 report here.

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