Bohle Plains Real Estate Growth & Trends 2024

Bohle Plains Real Estate Growth & Trends 2024
13th August 2024

Situated on the outskirts of the rapidly growing Townsville region, Bohle Plains is set to continue on a positive house price growth trend, with rising migration to the region driving demand for quality housing.  

Between 2016 and 2021, a total of 43,221 people were recorded moving to the Townsville region from within Australia (Profile Id). This trend of migration has continued into recent years as the option of remote work has become more commonplace after the COVID-19 pandemic. 

It’s no surprise then that demand for real estate in Townsville has inadvertently trickled down to surrounding suburbs such as Bohle Plains.

Bohle Plains lies just 17 km from the Townsville CBD, giving it a good balance of quiet living and convenient access to the city’s lifestyle amenities. Featuring Harris Crossing, a 4,800-lot master-planned community as its main residential area, Bohle Plains has incredible potential for future growth as development activity accelerates in the North Queensland region.

Demographics for Bohle Plains, QLD 4817

Here are the key demographics for Bohle Plains:

  • Population: 3,989
  • Number of Families: 1,177
  • Median Age: 28
  • Number of Dwellings: 1,506
  • Median Household Size: 2.8 
  • Median Weekly Household Income: $2,329
  • Median Monthly Mortgage Repayment: $1,733

Note:  The above data insights are courtesy of the 2021 Australian Bureau of Statistics (ABS) Census data.

Bohle Plains Real Estate Market Insights

The real estate market for Bohle Plains has shown considerable growth going into 2024. Median house prices have picked up since a period of stagnation in the middle of 2023, and with the first and second quarters of 2024 pushing median house prices up to $490,000 at a 12-month growth rate of 8.9%.

With high demand and short supply in the housing market as key driving forces, the number of house sales has reached a staggering 141 in the past year with an average of 21 days on the market.

Bohle Plains House Price Insights
  • Median House Price: $490,000
  • 12-Month Growth (2023): +8.9% 
  • Quarterly Growth (Q3-Q4 2023): +3.26%    
  • Median Weekly Rent: $540
  • Gross Rental Yield: 6.0%
  • Number of Sales (Past 12 Months): 141
  • Average Time on Market: 21 days
Bohle Plains Unit Price Insights

Bohle Plains currently does not have apartment residences in the area, due to the current focus on built homes within the Harris Crossing master-planned community. Future development for units may become available in the years to come. 

Note: The following property price data and insights for Bohle Plains, QLD are as of July 2024 and based on data from realestate.com.au.

2024 Outlook for Bohle Plains

With relatively affordable house prices and a rising focus on regional development, Bohle Plains presents a unique opportunity for those looking to move to one of North Queensland’s fastest-growing cities, especially for aspiring home builders.  

Coupled with the recent doubling of the QLD First Home Owner Grant amount, Bohle Plain’s median house price of $490,000 is an approachable price point for new homeowners. The suburb’s offering of exclusive and luxury living in a master-planned community is also one of the biggest draws for those looking for a sea change.

As Townsville's most-awarded home builder, Keir Constructions is proud to offer new home builds in Bohle Plains, as well as all across Townsville. We also have display homes in Harris Crossing that provide a glimpse into the lifestyle of the local community. If you are considering building your home in Bohle Plains, be sure to view our collection of home designs in Townsville or contact us to learn more about how we can help you create your dream home.