The Townsville real estate market has seen a flurry of activity in the week ending May 23, with a number of properties changing hands through auctions and private sales. Here are the latest results from across the region.
Top Sales of the Week
Leading the pack was a stunning four-bedroom home in North Ward, which sold under the hammer for $1.2 million. The property, featuring modern renovations and ocean views, attracted multiple bidders before being snapped up by a local family.
Another notable sale was a three-bedroom unit in the city centre, which fetched $650,000. The apartment, located in a sought-after complex, appealed to investors and first-home buyers alike.
Suburb Highlights
- Douglas: A four-bedroom house sold for $780,000, exceeding the reserve price by $30,000.
- Annandale: A renovated five-bedroom home achieved $950,000, setting a new street record.
- Kirwan: A three-bedroom townhouse sold for $420,000, attracting strong interest from young professionals.
Auction Clearance Rates
The auction clearance rate for the week stood at 72%, up from 68% the previous week. This indicates a healthy demand for properties in the region, with well-priced homes often attracting multiple bidders.
Market Trends
Real estate agents report that the market remains competitive, particularly for properties under $800,000. Low interest rates and a shortage of listings have contributed to strong buyer activity. However, some agents note that buyers are becoming more price-sensitive, with overpriced homes taking longer to sell.
Upcoming Auctions
Several high-profile auctions are scheduled for the coming week, including a waterfront property in Pallarenda and a historic home in Townsville City. These are expected to draw significant interest from both local and interstate buyers.
For the full list of results, including sold prices and auction details, visit the Townsville Bulletin website.
