Revealed: The Townsville homes that sold for millions in the red-hot 2025 market – realestate.com.au

A Grade II listed home has topped the list of the most expensive homes sold in Townsville in 2025 – fetching a whopping $5.5 million.

The sale of the six-bedroom mansion at 48 Victoria St, North Ward, came close to the all-time record price for a Townsville home, which is listed at $6 million.

Selling agent Janice Gallagher of Janice Gallagher Real Estate said a local family snapped up the property within a week of it going on the market.

This property at 48 Victoria St, North Ward, sold for $5.5 million.

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The North Ward mansion was a highlight of the year, with the second highest sale price for a Townsville home at $3.5 million.

That was for a two-storey, four-bedroom house at 1 Cottesmore Cres, Castle Hill, with a putting green, wine cellar and stunning views over the city and bay.

The third largest home sale in Townsville this year was the city’s historic ‘Castlecrag’ mansion, which sold for $3.25 million.

The 1935 Ashgrovian-style home at 352 Stanley St, North Ward, once housed royalty and was sold to a local couple by Martin McDonough of McDonough Property.

The high prices reflect what has been a huge year for Townsville’s red-hot property market, with the average house price up about 16 per cent to $626,000, and rental prices up more than 10 per cent, while vacancy rates have fallen below 1 per cent, according to PropTrack.

Urbex Realty managing director Craig Covacich said demand continued to outstrip supply in the Townsville property market.

This property at 1 Cottesmore Crescent, Castle Hill, was one of the biggest house sales in Townsville in 2025.

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“Townsville has become one of the most followed regional markets in the country due to its strong combination of affordability, rapid price growth, low vacancy rates and high rental yields,” Covacich said.

“Relative affordability remains a key draw, especially for buyers priced out of major cities.”

But that affordability map is starting to diminish as more luxury homes and projects are built in the city.

This property at 352 Stanley St, North Ward, sold for $3.25 million.

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Josie Howard of Belle Property – Townsville City Central and Beaches, which is marketing a $3.1 million plot of land in Townsville City, said the region’s luxury property market was entering an exciting new era.

Ms Howard said the block at 24a Wilmett Street included architectural plans for an “ultra-premium home” with panoramic views and low-maintenance living.

“Townsville is ready for homes of this caliber,” Ms. Howard said. “Elysian House reflects the shift toward prestige homes designed for people who value both sophistication and convenience.”

North Ward is one of Townsville’s most expensive suburbs. Image: supplied

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Investor interest also remains strong: PropTrack data shows rental yields in some suburbs are between 4 and 6 percent.

Major infrastructure investments in the defence, mining, renewable energy, healthcare and education sectors are boosting long-term confidence in Townsville, while post-pandemic migration continues to drive families and downsizers to switch their lifestyles to the region.