Townsville is tipped to “win” the Australian property market in 2025, with home prices forecast to soar by as much as 30 per cent. The Queensland hotspot is among a number of the country’s biggest cities that are predicted to experience “boom” conditions this year.

Propertyology's 2025 Property Market Outlook found property booms were likely to occur in 11 of the country’s 25 largest cities this calendar year. That’s defined as growth of 8 per cent or more in a given year.

Townsville’s median house value of $520,000 is expected to increase by up to 30 per cent in the year, which would add $156,000 to the current average price.

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Propertyology head of research Simon Pressley said he expects buyers will compete “like seagulls fighting over a few chips” for an all-time record low volume of housing supply in the Queensland city.

“Driving the growth is the single most impressive collection of major projects of any Australian city for decades,” he said.

“The consistent upward job creation trend, the city’s emergence as a major events destination and Townsville’s recent urban transformation has been exciting to observe.

“And the combination of a relaxed lifestyle, A-grade infrastructure and affordable housing never goes out of fashion.”

The Sunshine Coast is tipped to be Australia’s second best-performing property market this year, with prices forecast to rise by between 12 to 16 per cent. The current median house price is $1,050,000.

This is expected to be driven by tight housing supply and demand driven by local economic strength, an active home upgrade market and internal migrants.

Mackay is also expected to see growth of between 12 to 16 per cent. With a median house price of $550,000, Mackay has the third most affordable real estate of the 25 biggest cities.

“Investors from all corners of the country are also attracted to the above-average rental yields from Mackay real estate,” Pressley said.

“This property market will boom in 2025.”

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Aussie cities where property is expected to boom

Here are the 11 largest cities where Propertyology expects property prices to boom in 2025 and their forecasted growth:

1. Townsville, QLD: 25 to 30 per cent

2. Sunshine Coast, QLD: 12 to 16 per cent

3. Mackay, QLD: 12 to 16 per cent

4. Perth, WA: 10 to 14 per cent

5. Gold Coast, QLD: 10 to 13 per cent

6. Toowoomba, QLD: 9 to 13 per cent

7. Adelaide, SA: 8 to 11 per cent

8. Cairns, QLD: 7 to 11 per cent

9. Brisbane, QLD: 7 to 10 per cent

10. Bundaberg, QLD: 6 to 9 per cent

11. Fraser Coast, QLD: 5 to 8 per cent