28/09/2026
Townsville Property Market Overview | Financial Year 2026
Townsville's commercial and industrial property markets remained active through FY2026, with broader transaction activity offsetting the absence of the exceptional retail sale that dominated the previous year.
Across commercial property, 86 sales were recorded – up 13% on FY2025 – with total value of $210.8M. Headline value was 50% lower; however, FY2025 included the $212.5M Willows Shopping Centre sale. Excluding that transaction, underlying commercial sales value was effectively unchanged year-on-year.
Office and medical sales volume more than doubled to $71.9M, underpinned by several significant transactions, including the sale of Charters Towers Medical Centre and Corporate Office Building on Stanley Street.
Hospitality and accommodation sales reached $48.5M, including the sales of Hotel Allen and Mercure Townsville.
Retail activity returned to more typical levels.
Industrial property strengthened further, recording $148.1M in sales – up 25% - while the median price increased 26% to $1.39M. Garbutt remained the market’s core industrial precinct, with significant activity also recorded in Mount St John, Bohle and Mount Louisa.
The broader economic picture is mixed but remains supported by a substantial project pipeline. Townsville City Council approved a record 1,255 residential lots during the year, while major commitments to Eva Copper, CopperString and key local infrastructure continue to underpin long-term confidence.
Overall, the market continues to show depth when quality assets are presented, with investors responding to strong underlying regional fundamentals despite a more challenging financial environment.
Download Report Here: https://www.colliers.com.au/en-au/research/townsville-property-market-overview-financial-year-2026
