Townsville home prices fall for the first time in three years

Townsville’s home prices have fallen for the first time in more than three years, as federal budget and interest rate fears fuel the nation’s real estate drop. PropTrack’s Home Price Index for July 2026 revealed the area’s median home price dipped 0.07 per cent, the first decrease since March 2023. The town joins the downturn seen throughout Queensland and the rest of the country, with Brisbane and national medians both falling 0.3 per cent over the month. Home prices in Townsville have finally dropped for the first time since March 2023, ending a three-year period of growth. Picture: Supplied. Ray White Townsville principal Giovanni Spinella said buyers were more hesitant to purchase in the current market, while sellers were more willing to compromise after years of massive growth for the area. “The biggest thing we’re seeing on the ground locally is that there’s been a bit more caution in the wind,” he said. “We went up over 100 per cent over the last three years, so I think an normalised correction has been on the cards for a while.” Ray White Townsville principal Giovanni Spinella said buyers were more cautious in the current market, while sellers were more willing to compromis...