Revealed: Townsville bargain suburbs under $360k

Queensland’s cheapest median prices have been revealed in latest PropTrack data.

Townsville buyers are still managing to snap up homes well below the state’s surging property medians, as new data shows 20 suburbs where prices are below $360,000 amid fierce competition.

Fresh data from PropTrack’s September Market Trends report shows units in suburbs like Ayr ($235,000), Cranbrook ($240,000) and Hyde Park ($280,000) are still going for prices not seen in years in the state’s South East – with rental yields as high as 8.23 per cent in some cases.

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Two homes, pool, beach – sold for just $340k

REIQ CEO Antonia Mercorella said affordable suburbs are shaking off old reputations in the current market. Picture: Liam Kidston

Even as Brisbane’s house median pushes past $1 million, Townsville offers a vastly different market, though experts warn the window for buyers is closing fast with the PropTrack data showing some Townsville suburbs are seeing price growth as high as 47.4 per cent (Queenton), with 40 per cent in Mundingburra, and 37.6 per cent in Hermit Park, while units in Douglas and Cranbrook are delivering gross yields over 7 per cent and 8 per cent respectively.

Ray White Townsville agent Lisa Turner said “to find anything sub-$400k that doesn’t need work – like clean, very presentable properties – is quite hard to find. Hence why you have multiple offers.”

She recently sold two renovated townhouses in Hermit Park, including a 146sq m two-bedder for $392,000 on September 10 with multiple offers off a mix of interest from young tradies, separated buyers, downsizers, and professionals – all trying to get into the rapidly tightening Townsville market.

The 14 cheapest median prices in Townsville. Source: PropTrack.

“The $400,000 price range is now extremely hard to find without needing extensive work,” Ms Turner said.

She said the heat in the sub-$400k segment had reached the point where many local buyers were missing out despite being pre-approved and ready to act.

“We’re seeing locals miss out over and over again,” she said, but warned buyers to persist as “we don’t expect to see any changes in the market”.

REIQ CEO Antonia Mercorella said suburbs that were once overlooked are now drawing renewed interest from buyers priced out of more expensive markets.

“Buyers are increasingly looking further afield for housing options they can afford in the outer suburbs,” she said. “They’re readjusting their expectations around their preferred suburbs and perhaps recognising potential for growth and gentrification over time.”

“It can help to get to really know a suburb, rather than relying on stereotypes,” she said

Ms Mercorella said first home buyers were also getting smarter and more flexible in their property choices, looking at units and apartments, and seeking help from family and government schemes.

With low days-on-market figures in hotspots like Pimlico (14 days), Douglas (7 days) and West End (10 days), agents say the sense of urgency is real – and growing.

Ms Turner said Townsville’s market had been gaining steady momentum over the past 12–24 months, with no sign of cooling.

“We’re not expecting the market to change anytime soon,” she said. “It’s just a very strong, healthy market.”

Townsville’s 20 cheapest median prices:

Suburb | Property Type | Median Sale Price 12 months

Ayr U $235,000

Cranbrook U $240,000

Charters Towers City H $260,000

Oonoonba U $275,000

Home Hill H $275,000

Hyde Park U $280,000

Ingham H $290,000

Queenton H $317,000

Richmond Hill H $317,500

Hermit Park U $320,000

Railway Estate U $330,000

Currajong U $335,000

Pimlico U $337,500

Ayr H $340,000

Douglas U $350,000

Aitkenvale U $350,000

West End U $350,000

Mundingburra U $350,000

Rosslea U $355,000

Condon U $360,000

(Source: PropTrack)

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