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Cosgrove suburb profile

Cosgrove is a burgeoning suburb located in the northern part of Townsville, Queensland, offering a blend of modern living and natural beauty. As a relatively new development, it features contemporary homes and well-planned infrastructure, attracting families and professionals seeking a fresh start. The suburb is surrounded by picturesque landscapes, including nearby Mount Louisa, providing residents with ample opportunities for outdoor activities and scenic views. With its close proximity to essential amenities, schools, and shopping centers, Cosgrove offers a convenient yet tranquil lifestyle. Its growing community and strategic location make it an appealing choice for new homeowners.

Cosgrove property market performance

Cosgrove’s property market has experienced a notable increase in house values over the past 12 months, with a significant rise of 21.7%. However, the median house price remains at $0, indicating a potential lack of recent sales data or market activity. The unit market has seen no change in value, with no units sold in the past year.

Sales activity for houses has been minimal, with only 5 houses sold over the last 12 months. Despite this, houses are selling quickly, with a median of just 13 days on the market, suggesting strong demand for the limited available properties.

The rental market for houses in Cosgrove has seen a healthy increase, with average rents rising by 7.8% to $593 over the past year. The unit rental market remains inactive, with no recorded changes in rent or leasing activity.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
21.4%N/A
Sold
Past 3 months
11
Median days on market
Past 12 months
13N/A
Average rent
Past 12 months
$593N/A
Change in rent
Past 12 months
7.8%N/A

5 year median price trend for houses and units

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Cosgrove demographics

Cosgrove, a suburb located in the northern part of Townsville, Queensland, is a small yet vibrant community with a population of 665. The suburb is characterized by its youthful demographic, with a median age of 27, indicating a lively and dynamic environment. This youthful energy is complemented by a strong sense of community, with many young families and professionals calling Cosgrove home.

The suburb's housing landscape is predominantly rental-based, with 60.7% of properties being rented. This high rental rate suggests that Cosgrove is an attractive option for those seeking flexible living arrangements, particularly young families and individuals who are just starting out. Despite the high rental rate, there is also a significant proportion of properties owned with a mortgage, accounting for 33.9% of the housing market, indicating a stable and growing community.

Family life in Cosgrove is diverse, with couple families with children making up 36.7% of the population, while couple families without children account for 44.6%. One-parent families also form a notable part of the community, representing 18.6% of families. This mix of family types contributes to a supportive and inclusive atmosphere, making Cosgrove a welcoming place for families of all shapes and sizes.

With a median total household income of $1976 per week, Cosgrove offers a comfortable lifestyle for its residents. The suburb's proximity to Townsville provides easy access to employment opportunities, educational institutions, and recreational facilities, making it an ideal location for those seeking a balance between work and leisure. Overall, Cosgrove is a thriving suburb that offers a blend of youthful energy, community spirit, and convenient living.

Suburbs near Cosgrove

Some popular suburbs near Cosgrove include:

How does Cosgrove compare to nearby suburbs?

  • Median house prices: Cosgrove’s median house price is 2.4% lower than Mount Low’s.
  • House price growth: Over the past 12 months, house prices in Cosgrove have grown 10.6% higher than in Black River.
  • Selling speed for houses: Properties in Cosgrove are selling 31.6% faster than in Black River.

Choose the right real estate agents in Cosgrove

Choosing the right real estate agent in Cosgrove can have a big impact on your sale. While there are 20 real estate agents working in the suburb, but just 5 of them were responsible for 46.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.47% to 3.09%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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