The Townsville North Queensland presents exciting residential investment opportunities, with a growing economy, increasing infrastructure development, and a strong demand for housing driven by population growth and regional expansion. 

Growing Demand 

The demand for new housing supply has rapidly increased, with Townsville North Queensland emerging as one of the fastest-growing regions in Australia for residential house value. This growth is expected to remain stable as a result of the growing project pipeline which will inject billions into the regional economy and attract the
workforce needed to fulfil this demand.

More than 20,000 additional workers are needed to deliver on this project pipeline, which will ensure that the population of the region continues to grow. The market is already experiencing incredible growth, with the median house price in Townsville increasing by 15.6% over the last 12 months, and 33.4% over the last three years.

The Townsville property market has experienced some of the strongest growth in prices over the past 12 months compared to other regions across Australia 

Strong Land Supply 

The Townsville North Queensland region has an abundant supply of broadhectare land that is ready to be converted into new residential developments.

Estimates from the Queensland Government Statisticians Office (2024) demonstrate that the North Queensland region has an expected dwelling yield of 44,33 the highest yield potential for residential developments in Queensland outside of the South-East corner.  

Council Support 

Investment into the creation of new residential developments is a priority investment area for the Burdekin, Charters Towers, Hinchinbrook, Palm Island and Townsville regions. 

The following resources have been published by the relevant Local Councils to outline how they are supporting developments in this area: