The Townsville real estate market has seen a flurry of activity in the week ending May 2, with a number of properties changing hands at auction and through private sales. Here is a comprehensive look at the latest results from across the city.
Auction Highlights
Several properties sold under the hammer this week, reflecting strong buyer demand. A standout sale was a modern four-bedroom home in North Ward, which fetched $1.2 million after competitive bidding. Another notable auction was in Douglas, where a three-bedroom unit sold for $450,000, exceeding the reserve price.
Suburb-by-Suburb Breakdown
In the suburb of Annandale, a family home on a large block sold for $680,000, while in Kirwan, a renovated property achieved $520,000. The inner-city suburb of West End saw a two-bedroom cottage sell for $410,000, attracting first-home buyers. In the growing northern suburbs, a new townhouse in Mount Low sold for $550,000.
Private sales also contributed significantly to the week's results. A luxury waterfront property in Pallarenda was snapped up for $1.5 million, and a rural acreage in Bohle Plains sold for $890,000. The rental market remains tight, with several investment properties selling to landlords seeking yields.
Market Trends
Real estate agents report that buyer confidence is high, driven by low interest rates and a shortage of listings. The median house price in Townsville has risen by 8% over the past year, with units also seeing modest growth. First-home buyers are active in the sub-$500,000 market, while upgraders are competing for premium homes.
Looking ahead, the market is expected to remain buoyant, with spring typically bringing more listings. Sellers are advised to price realistically to attract multiple offers, as well-presented homes continue to sell quickly.
For a full list of results, including all suburbs and property types, consult your local agent or the official auction reports.
