Get a property report and suburb profile for any property in Townsville City

Townsville City is the commercial and cultural heart of Townsville, sitting on Cleveland Bay beneath Castle Hill. It mixes office towers and apartment blocks with some older timber buildings, and a busy foreshore and harbour that provide ferries to Magnetic Island and waterfront dining. Weekdays are dominated by government and business services, while evenings and weekends bring cafes, bars, weekend markets and events along the promenade. Transport links, shops and professional services are centred here, and residents have easy access to coastal walking routes and panoramic views from Castle Hill, giving the practical convenience of a downtown address in a tropical city.

The community of 2,945 people has a median age of 39 and is weighted towards couple families without children, and homes are more often rented than owned (57.6% rented). Ongoing waterfront redevelopment and CBD projects — including the City Reach precinct with a waterfront promenade, City Wharf, public plazas and new pedestrian and cycle links, plus remediation and restoration work at the North Rail Yards — are reshaping the area, and the 25,000-seat Queensland Country Bank Stadium remains a major events facility. Whether Townsville City feels right will depend on whether inner-city convenience, waterfront access and events are what you want from a suburb.

Housing costs in Townsville City 4810, measured against what a typical local household earned at the last Census, look like this. A house rent of $570 a week would take about 28.3% of a typical local household's weekly income of $2,013 at the last Census, and a unit rent of $590 a week would take about 29.3% of that weekly income. Buying a unit at $550,000 works out to about 5.3 times a typical local annual household income at the last Census (annual income $104,676), which sits somewhat above local incomes while rents take a moderate share of income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The past year brought large gains in property values in Townsville City: median house values climbed 30.1% and median unit values rose 20.4%. Rents increased at a more modest pace, with house rents up 6.9% and unit rents up 7.3%, so capital growth outpaced rental income over the 12 months. House values lifted more than unit values, while unit rents edged house rents slightly. For someone weighing Townsville City up as an investment, the value numbers speak to capital growth over the year and the rent numbers speak to rental income; which of those matters most will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.