Townsville Real Estate Market Sees Strong Sales in Week Ending May 24
The Townsville real estate market has continued to show resilience with a number of notable sales and auction results for the week ending May 24. Agents reported strong buyer interest across a range of property types, from family homes to investment units.
Top Sales of the Week
Leading the pack was a spacious four-bedroom home at 12 Acacia Avenue, which sold for $850,000 under the hammer. The property, featuring modern renovations and a large backyard, attracted multiple bidders. Another standout was a three-bedroom townhouse at 45 River Drive, which fetched $620,000, surpassing its reserve price.
In the inner-city suburb of North Ward, a two-bedroom apartment with ocean views sold for $495,000, while a character-filled cottage in Railway Estate changed hands for $710,000. These results highlight the diverse demand across different segments of the market.
Auction Clearance Rates Remain Healthy
Auction clearance rates for the week hovered around 65%, reflecting a balanced market. Agents noted that well-priced properties in sought-after locations are still achieving competitive bidding, while overpriced listings are taking longer to sell.
According to local real estate expert Sarah Thompson, “Buyers are becoming more selective, but there is still strong demand for quality homes. Sellers need to be realistic with their pricing to attract serious offers.”
Market Trends and Outlook
The median house price in Townsville currently sits at $480,000, up 3% from the same period last year. Unit prices have remained relatively stable, with a median of $350,000. Low inventory levels continue to support prices, though new listings are expected to increase in the coming months.
Looking ahead, agents anticipate steady activity as winter approaches, with first-home buyers and investors remaining active in the market. The recent interest rate pause has also provided some confidence to buyers.
For a full list of sales and auction results, visit the Townsville Bulletin website or contact your local real estate agent.
