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Currajong suburb profile

Currajong is a well-established suburb in Townsville, Queensland, known for its convenient location and community-oriented atmosphere. Situated just a short drive from the city center, Currajong offers residents easy access to a range of amenities, including shopping centers, schools, and recreational facilities. The suburb features a mix of traditional Queenslander homes and modern residences, catering to diverse lifestyles. With its leafy streets and friendly vibe, Currajong attracts families, professionals, and retirees alike. Its proximity to major transport routes and local attractions makes it a desirable place to live for those seeking a balanced lifestyle in a suburban setting.

Currajong property market performance

Property growth+49.1%Past 12 months

Currajong’s property market has experienced significant growth over the past 12 months, particularly in unit values, which have surged by 78.9%. House values have also seen a notable increase of 19.2%. Despite these changes, the current median prices for both houses and units are not available. Sales activity has been limited, with only 8 houses and 1 unit sold in the past year. Houses are selling quickly, with a median of 17 days on the market, while unit data is insufficient to determine a trend.

The rental market in Currajong has shown strong growth, with house rents increasing by 14.9% and unit rents by 8.6% over the last 12 months. The average rent for houses is $540, while units average $380, indicating a healthy demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
19.2%78.9%
Sold
Past 3 months
81
Median days on market
Past 12 months
17N/A
Average rent
Past 12 months
$540$380
Change in rent
Past 12 months
14.9%8.6%

5 year median price trend for houses and units

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Currajong demographics

Currajong, located in the heart of Townsville, Queensland, is a suburb that offers a blend of suburban tranquility and urban convenience. With a population of 2,490, it is a close-knit community that appeals to families, professionals, and retirees alike. The median age of 39 suggests a mature population, with many residents enjoying the balance of work and leisure that the area provides. The suburb's proximity to essential amenities, schools, and parks makes it an attractive option for those seeking a family-friendly environment.

Housing in Currajong is diverse, with a significant portion of properties being owned outright (26.4%) or with a mortgage (37.2%), indicating a stable residential base. The rental market also plays a crucial role, with 36.4% of properties rented, catering to those who prefer flexibility or are new to the area. The suburb's housing options accommodate a variety of lifestyles, from young families to older couples and singles.

Family dynamics in Currajong are varied, with couple families with children making up 34.2% of the population, while couple families without children account for 35.0%. One-parent families represent 27.2%, reflecting a supportive community structure. The suburb's median household income of $1,429 per week aligns with the national average, providing residents with a comfortable standard of living. Currajong's blend of community spirit, accessibility, and lifestyle options makes it a desirable place to call home in the Townsville region.

Currajong infrastructure, key developments and investment opportunities

Currajong benefits from its central location within the Townsville urban area, with easy access to nearby employment hubs, retail centres and the CBD, which supports steady buyer and renter demand.[5][6] The suburb is largely established, with limited large-scale greenfield development, so most change is occurring through incremental infill and renovation, which tends to underpin values by improving housing quality without dramatically increasing supply.[5][6]

Residents are serviced by nearby schools, parks and local shopping strips in adjoining suburbs, contributing to family appeal and day-to-day convenience.[5][6] There are currently no widely publicised major transport or infrastructure projects specific to Currajong, meaning short- to medium-term property market movements are likely to be driven more by broader Townsville economic conditions and local amenity than by new suburb-scale developments at this time.[5][6]

Currajong rental market trends

The rental market in Currajong has experienced notable growth, with house rents increasing 14.9% over the past year to $540 per week, while unit rents have risen 8.6% to $380 per week. This upward trend reflects strong demand and the suburb's appeal, making Currajong an attractive option for both renters and investors seeking promising returns in a vibrant community.

Suburbs near Currajong

Some popular suburbs near Currajong include:

How does Currajong compare to nearby suburbs?

  • Median house prices: Currajong’s median house price is 12.8% higher than Garbutt’s.
  • House price growth: Over the past 12 months, house prices in Currajong have grown 1.8% higher than in Garbutt.
  • Unit price growth: Over the past 12 months, unit prices in Currajong have grown 62.8% higher than in Garbutt.
  • Selling speed for houses: Properties in Currajong are selling 15.0% faster than in Pimlico.

Common questions about Currajong

  • Is Currajong a nice place to live?

    Currajong is a charming suburb that offers a delightful blend of suburban tranquility and urban convenience. Known for its leafy streets and welcoming atmosphere, it is a place where families, professionals, and retirees can all find a sense of belonging. The suburb's relaxed vibe is complemented by its proximity to essential amenities, making it a practical choice for those who value convenience without sacrificing a peaceful lifestyle. With a variety of housing options, from traditional Queenslander homes to modern residences, Currajong caters to diverse lifestyles, ensuring that everyone from young families to older couples can find a home that suits their needs.

    Families in Currajong will appreciate the suburb's community-oriented feel and the availability of local schools and parks, which provide ample opportunities for children to play and learn. The suburb's location offers easy access to shopping centers and recreational facilities, ensuring that residents have everything they need within reach. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly environment.

    While Currajong provides a wonderful lifestyle, there are some trade-offs to consider. The suburb is largely established, with limited large-scale development, meaning that housing options may be more limited compared to rapidly growing areas. Additionally, while the suburb enjoys a central location, those seeking vibrant nightlife or major cultural events might need to venture into the city center. However, for those who prioritize a balanced lifestyle with a strong sense of community, Currajong is a delightful place to call home.

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  • Is it expensive to live in Currajong?

    Living in Currajong might be more affordable than you think, especially when compared to other parts of Queensland. With the median household income sitting at $1,429 per week, residents of Currajong have a decent amount of earning power. In terms of property prices, Currajong seems to be a bit of an anomaly with no current median house or unit prices listed, which might indicate a unique market situation or limited recent sales data.

    When it comes to renting, Currajong offers reasonable options. The average rent for houses is $540 per week, while units are even more affordable at $380 per week. These rental prices are quite manageable, especially when you consider the Queensland average wage of about $104,000 per year. This suggests that living in Currajong could be a financially viable option for many, offering a balance between income and living costs.

    Overall, if you're thinking of living in Currajong, it seems to be a suburb where your income can stretch further, particularly in the rental market, making it a potentially attractive choice for those looking to maintain a comfortable lifestyle without the hefty price tag often associated with more central or coastal suburbs.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Currajong a good place to invest?

    Currajong is showing promising signs as a potential investment hotspot, especially with the impressive changes in property values over the past year. The suburb has experienced a remarkable 19.2% increase in median house values, which indicates strong demand and a healthy market. Even more striking is the 78.9% surge in median unit values, suggesting a significant shift in buyer interest towards more affordable or compact living options, possibly driven by first-time buyers or investors seeking rental opportunities.

    In addition to property value growth, rental yields in Currajong have also seen notable increases. House rents have risen by 14.9%, while unit rents have increased by 8.6% over the last 12 months. This trend highlights a robust rental market, which is appealing for investors looking for steady rental income. The combination of rising property values and rental yields suggests that Currajong is attracting both owner-occupiers and renters, making it a dynamic and potentially lucrative market for investment.

    Overall, Currajong's recent performance in both property value appreciation and rental growth positions it as an attractive suburb for investors. The strong demand for both houses and units, coupled with the potential for continued growth, makes Currajong a suburb worth considering for those looking to invest in the real estate market.

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Choose the right real estate agents in Currajong

Currently, there are 43 real estate agents working in Currajong—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 43 agents sold 29.5% of all properties in Currajong over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Currajong typically charge a commission of 2.47% to 3.09%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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