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LGA · QLD · NORTH QUEENSLAND

City of Townsville

Largest ADF army barracks in Australia + $1.029B hospital build + $1.6B port redevelopment. Roughly 1100km from Brisbane CBD.
North Queensland Report refresh: Jun 2026 Updated every 3 months Due in September 1100km from CBD

LGA reports are refreshed every 3 months. Figures can differ slightly from our suburb reports, which are refreshed monthly and are usually the most current.

Market profile

What the research brief covers
North Queensland regional city anchored on a diverse economy: defence, healthcare, mining, agriculture, education and tourism. Population projected to grow toward 280,135 by 2046. Townsville hosts Lavarack Barracks (the largest Australian Defence Force army base in the country with troop numbers being expanded) plus the largest regional hospital in Queensland (currently in a $1.029 billion expansion). The Port of Townsville is in a $1.6 billion redevelopment program. The economy is being further bolstered by the Tropical Intelligence and Health Precinct development plus major road, rail, residential and commercial projects in the pipeline. Double-digit price growth in most suburbs across FY25, sub-$1M house medians outside the premium peninsula, and 4-5% gross yields.

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