48 | Insights H1 2025 Steve Leaumont of Commercial Townsville says the biggest trend impacting the Townsville market is a shift of investors from residential to commercial properties. This is being driven by two factors – the pursuit of higher yields, and a significant injection of funding into local infrastructure. This has resulted in improved roads and an expansion of commercial opportunities, such as a proposed $550 million waterpark on par with the Gold Coast’s Wet ‘n’ Wild, which is expected to transform Townsville into a major tourism hub. As Steve notes, “The challenge for investors is that listings are tight across all commercial property classes – even on Magnetic Island, prospective investors are struggling to find stock.” The strength of the market represents a great opportunity for investors considering a sale in 2025, says Steve. He notes, “Investors are interested in assets across retail, office and industrial, with industrial representing about 60% of transactions in Townsville.” Steve Leaumont steve.leaumont@townsville.rhc.com.au Townsville Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $180-$280 $160-$200 $250-$350 Vacancy 25% <5% 10-20% Yields 9-10% 7-8% 8-9% Rates p/m² $2,000-$2,500 $1,800-$2,200 $2,700-$3,200 Current market conditions $650,000 36 Camuglia Street, Garbutt Recent Notable Transactions SOLD $23,400 p.a. 20 Echlin Street, West End LEASED For more information, contact:
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