GVS Property Australia has recently completed work across Townsville, Gladstone, and Mackay. Our on-the-ground research suggests solid demand, relatively tight rental markets, and a credible opportunity set for value‑add and build‑to‑rent/build‑to‑sell strategies. Independent data broadly supports these observations.
Northern Queensland’s mid-tier cities are offering unusual value with strong demand and constrained rental supply.
In Townsville, asking prices have surged over the past year (houses +29.6%, combined +25.2%) yet remain well below capital-city medians, supporting further runway as major projects roll through the pipeline and net migration remains positive.
Gladstone shows renewed momentum off a low base, with 12‑month asking price growth of about 18% for houses and ~17% combined, while still presenting compelling affordability relative to incomes and rents.
Mackay balances yield and growth, with gross yields around 6.4–6.8%, a median house value near $425k and units around $345k—supportive for cash flow while demand stays firm.
Regionally, vacancies across North Queensland have remained low, underscoring landlord‑favourable conditions.
North Queensland vacancy rate remains low, reinforcing tight rental conditions across mid-tier cities.
Sources:
– SQM Research Townsville 4810 Asking Prices
– SQM Research Gladstone 4680 Asking Prices
– Your Investment Property (YIP) – CoreLogic Mackay 4740
– SQM Research North Queensland Regional Vacancy Chart
