8 Andrew Cres, Condon QLD 4815

Condon demand is underpinned by Townsville’s low vacancy (0.57%) and riverside amenity, so buyers keep chasing whatever limited stock enters the market. People buy for the healthy yields and growth outlook, the pockets of developable land in a low-inventory suburb, yet flood-zone insurance and stretched affordability (over 40 years to own) raise rate sensitivity. Prices remain on a strong upward track, with median houses up about 22-23% and units roughly 18-21% over the past 12 months and the last six months simply reinforcing that momentum.