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Aitkenvale suburb profile

Aitkenvale is a bustling suburb located in the heart of Townsville, Queensland, known for its strategic position and vibrant community. As a major commercial and retail hub, it hosts a variety of shopping centres, including the popular Stockland Townsville. Aitkenvale offers a mix of residential options, from family homes to modern apartments, catering to diverse lifestyles. The suburb is well-served by public transport and is home to several schools, making it ideal for families. With its proximity to the Ross River and numerous parks, Aitkenvale provides ample recreational opportunities, contributing to its appeal as a lively and convenient place to live.

Aitkenvale property market performance

Current median dwelling price$507,750Past 3 months

Property growth+14.7%Past 12 months

Aitkenvale's property market has shown a strong performance over the past 12 months, particularly in the housing sector. House values have increased by 11.1%, with the current median house price at $635,500. In contrast, unit values have seen a modest rise of 1.9%, although the median unit price remains at $0, indicating limited activity in this segment.

Sales activity has been relatively low, with 16 houses and only 2 units sold over the past 12 months. Houses are selling quickly, with a median of just 16 days on the market, while units have not shown significant movement, reflecting a lack of demand or supply in the unit market.

The rental market in Aitkenvale has experienced notable changes, with house rents increasing by 11.8% over the last 12 months, reaching an average of $520. Meanwhile, unit rents have remained stable at $400, showing no change over the same period.

HousesUnits
Median price
Past 3 months
$656KN/A
Change in value
Past 12 months
13.8%15.6%
Sold
Past 3 months
142
Median days on market
Past 12 months
18N/A
Average rent
Past 12 months
$520$400
Change in rent
Past 12 months
10.6%N/A

5 year median price trend for houses and units

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Aitkenvale demographics

Aitkenvale, located in the heart of Townsville, Queensland, is a suburb that offers a blend of suburban comfort and urban convenience. With a population of 4,797, Aitkenvale is a community that balances family life with accessibility to essential amenities. The median age of 36 suggests a mature community, with a mix of young families and established residents who appreciate the suburb's proximity to schools, shopping centers, and recreational facilities.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 46.2% of the housing market. This high rental rate indicates a demand for flexible living arrangements, appealing to both transient residents and those seeking temporary accommodation. Meanwhile, 26.8% of properties are owned outright, and 27.0% are owned with a mortgage, reflecting a stable homeowner base that values long-term investment in the area.

Family dynamics in Aitkenvale are varied, with couple families with children making up 35.3% of the population, while couple families without children account for 37.5%. One-parent families represent 23.5%, highlighting the suburb's inclusivity and support for diverse family structures. The median total household income of $1,378 per week aligns with the suburb's affordable living standards, making it an attractive option for families and individuals seeking a balanced lifestyle in a well-connected community.

Suburbs near Aitkenvale

Some popular suburbs near Aitkenvale include:

  • Vincent: Known for its community parks and local amenities, Vincent is located directly north of Aitkenvale.
  • Heatley: Featuring a mix of residential and recreational spaces, Heatley is situated to the northwest of Aitkenvale.
  • Gulliver: Known for its established homes and proximity to schools, Gulliver lies to the northeast of Aitkenvale.
  • Cranbrook: Offering a variety of shopping and dining options, Cranbrook is located to the west of Aitkenvale.
  • Douglas: Known for its riverside views and proximity to James Cook University, Douglas is situated to the southwest of Aitkenvale.

How does Aitkenvale compare to nearby suburbs?

  • Median house prices: Aitkenvale’s median house price is 10.2% higher than Vincent’s.
  • Median unit prices: Aitkenvale’s median unit price is 53.2% higher than Cranbrook’s.
  • House price growth: Property prices in nearby Vincent have risen 3.3% more than in Aitkenvale over the past year.
  • Unit price growth: Property prices in nearby Cranbrook have risen 37.1% more than in Aitkenvale over the past year.
  • Selling speed for houses: Properties in nearby Vincent are selling 22.2% faster than in Aitkenvale.

Choose the right real estate agents in Aitkenvale

There are 54 real estate agents in Aitkenvale, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 23.1% of all sales in the past year.

Commission rates in Aitkenvale typically range from 2.47% to 3.09%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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