South Townsville Property Market & Buyers Agents 2026

The South Townsville property market is characterized by strong growth and high demand, positioning it as a standout performer within the broader Townsville region. In the last year, the median house price has reached $670,000, marking a significant annual growth of 11.9%. Units have seen even more dramatic appreciation, with the median price hitting $460,000, an 18% increase over the same period. This upward trajectory is not a recent phenomenon; the suburb has recorded a compound growth rate of 11.8% for houses and an impressive 17.9% for units over the longer term. The five-year growth for houses stands at a remarkable 48.9%, indicating sustained and robust capital appreciation. Driving this momentum is a classic supply and demand imbalance. Properties in South Townsville sell quickly, with houses averaging just 24 days on market and units even less at 20 days. This rapid turnover reflects intense buyer interest, fueled by the suburb's desirable lifestyle and relative affordability compared to major metropolitan centers.

The Townsville market as a whole is experiencing boom conditions, with some analysts projecting value increases of around 50% in the three years to 2026, driven by 21.5% jobs growth over five years—nearly double the national average. Extremely low vacancy rates, sometimes dipping below 1%, and strong rental growth of over 9% city-wide create compelling conditions for investors. In South Townsville specifically, houses offer a solid rental yield of 4.8%, while units provide an even more attractive 5.3% yield.

South Townsville is a historic and dynamic suburb located on the southern bank of Ross Creek, immediately adjacent to the Townsville CBD. Its character is a unique blend of its industrial port heritage and a modern, gentrified lifestyle. The suburb is a mix of traditional, high-set Queenslander homes and contemporary apartment buildings, many offering waterfront views. The social heart of South Townsville is Palmer Street, a bustling precinct renowned for its diverse array of restaurants, bars, and hotels, making it a premier dining and nightlife destination for the entire city. For education, the suburb is served by Townsville South State School, a local primary school. The nearest government secondary school is Townsville State High School, located in the neighbouring suburb of Railway Estate. Transport connectivity is excellent. Being next to the CBD, many destinations are within walking distance. Sunbus operates numerous routes through the area, providing connections to the wider Townsville region within minutes. The suburb's location on a peninsula formed by Ross Creek and the Ross River gives it a distinct maritime feel, with the Port of Townsville forming its eastern boundary. Residents have access to several green spaces, most notably Victoria Park on Tully Street, which offers sports facilities, playgrounds, and picnic areas. The suburb's prime location also means easy access to major city attractions like The Strand, Queensland Country Bank Stadium, and the Museum of Tropical Queensland, all just a short distance away. Ongoing and future infrastructure projects, including the Waterfront Promenade extension and broader economic developments in the Townsville region, continue to enhance the suburb's appeal and connectivity.