Townsville market overview

Townsville supports a population of around 200,000 and is the largest city in North Queensland. Defence (Lavarack Barracks, RAAF Townsville), resource-sector industrial activity, James Cook University, the Port of Townsville and a regional health hub underpin a stable mix of residential, commercial and industrial property opportunities across the region.

Tax Depreciation for Townsville property investors

An engineering-based TDA depreciation schedule identifies every deductible asset on your Townsville property under Division 43 Capital Works (the building shell, claimable at 2.5% p.a. for 40 years where construction commenced after 15 September 1987) and Division 40 Plant & Equipment (carpets, blinds, hot water systems, air conditioning, common-property assets, and more).

For residential property acquired after 9 May 2017, the s40-27 second-hand restriction limits Division 40 deductions to first-use assets - we model this explicitly. Capital works (Division 43) remain fully deductible regardless. Commercial property and qualifying short-stay accommodation businesses retain the full Division 40 deduction.

Sub-markets we cover

  • Townsville CBD & central - Townsville CBD, North Ward, South Townsville, Castle Hill
  • Growth suburbs - Kirwan, Thuringowa Central, Idalia, Mount Louisa
  • Coastal lifestyle - Magnetic Island, Pallarenda, Belgian Gardens
  • Industrial & port - Bohle, Mount St John, Cleveland Bay, Stuart industrial