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Garbutt suburb profile

Garbutt is a suburb located in the city of Townsville, Queensland, known for its strategic position and industrial significance. Situated just west of the Townsville CBD, Garbutt is a hub for commercial and industrial activities, housing numerous businesses and warehouses. The suburb is also home to the Townsville Airport, making it a key gateway for both domestic and international travel. Despite its industrial focus, Garbutt offers residential areas with a mix of housing options, catering to a diverse community. Its proximity to major transport routes and essential amenities makes Garbutt a practical choice for businesses and residents alike.

Garbutt property market performance

Property growth+20.3%Past 12 months

Garbutt’s property market has experienced significant growth over the past 12 months, with house values increasing by 17.4% and unit values by 16.2%. The current median house price stands at $620,000, while the median unit price is not available, indicating limited unit sales activity.

Sales activity has been moderate, with 15 houses and 5 units sold over the past 12 months. Houses are selling quickly, with a median of 17 days on the market, while units are moving even faster at 13 days, suggesting strong demand across both property types.

The rental market in Garbutt has also seen upward trends, with average rents for houses increasing by 7.5% and units by 5.0% over the last 12 months, reflecting a robust demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$620KN/A
Change in value
Past 12 months
18.8%21.8%
Sold
Past 3 months
116
Median days on market
Past 12 months
1613
Average rent
Past 12 months
$530$425
Change in rent
Past 12 months
7.5%7.6%

5 year median price trend for houses and units

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Garbutt demographics

Garbutt, located in the city of Townsville, Queensland, is a suburb that offers a blend of residential and industrial areas. With a population of 2,309, Garbutt is a small community characterized by a median age of 42, indicating a mature population. The suburb's proximity to the Townsville Airport and various commercial facilities makes it a convenient location for residents who value accessibility and practicality.

The household composition in Garbutt is diverse, with 26.2% of families being couple families with children and 37.5% being couple families without children. One-parent families also make up a significant portion of the community at 32.9%, reflecting a varied family structure. The median total household income weekly is $1,082, which is relatively modest, suggesting a community that values affordability and practicality.

In terms of property ownership, Garbutt has a high rental rate, with 57.1% of properties being rented. This indicates a transient population, possibly due to the suburb's industrial nature and proximity to employment hubs. Meanwhile, 18.1% of properties are owned outright, and 24.8% are owned with a mortgage, showing a mix of long-term residents and new homeowners. Garbutt's unique blend of residential and industrial elements, combined with its strategic location, makes it a practical choice for those seeking a balanced lifestyle in Townsville.

Suburbs near Garbutt

Some popular suburbs near Garbutt include:

  • Currajong: Known for its residential charm and community facilities, Currajong is located directly south of Garbutt.
  • West End: Featuring a mix of heritage and modern homes, West End is situated to the southeast of Garbutt.
  • Hyde Park: Known for its shopping centers and medical facilities, Hyde Park lies to the south of Garbutt.
  • Pimlico: Offering a blend of residential and educational amenities, Pimlico is located to the south of Garbutt.
  • Gulliver: Known for its family-friendly atmosphere and parks, Gulliver is situated to the southwest of Garbutt.

How does Garbutt compare to nearby suburbs?

  • Median house prices: Garbutt’s median house price is 1.2% higher than Pimlico’s.
  • House price growth: Over the past 12 months, house prices in Garbutt have grown 0.2% higher than in Currajong.
  • Unit price growth: Over the past 12 months, unit prices in Garbutt have grown 7.8% higher than in Pimlico.
  • Selling speed for houses: Properties in Garbutt are selling 15.8% faster than in West End.
  • Selling speed for units: Properties in Garbutt are selling 31.6% faster than in West End.

Choose the right real estate agents in Garbutt

Choosing the right real estate agent in Garbutt can have a big impact on your sale. While there are 50 real estate agents working in the suburb, but just 5 of them were responsible for 25.4% 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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