Pimlico is a compact central suburb less than four kilometres from the CBD. Two of Townsville's major institutions are here: Castletown Shopping Centre and the Mater hospitals. The Mater Misericordiae Hospital and Mater Private Hospital employ a large number of health workers, and Castletown, with Coles, Woolworths and specialty shops, is a major shopping centre. That combination creates a steady rental market built around people who work locally. Pimlico's housing is a mix of older elevated and low-set homes, unit blocks and some townhouses. Pimlico State High School carries the suburb's name but actually sits in neighbouring Gulliver, along with TAFE's Pimlico campus. The CBD is only a few minutes' drive or a short bike ride away. For landlords, Pimlico offers central, practical rentals with a deep pool of working tenants.
Rental snapshot
Median weekly rent for new leases in Pimlico.
- 3-bedroom house June 2026
- $560 per week
- 2-bedroom unit June 2026 · up $20 on a year earlier
- $400 per week
Source: Residential Tenancies Authority (RTA), median weekly rent for new bonds lodged. Medians move around from quarter to quarter, and a specific home can rent well above or below them.
Get an appraisal for your propertyWho rents in Pimlico
Pimlico’s tenants are often people who work in the suburb. The Mater Misericordiae Hospital and Mater Private Hospital generate steady demand from health workers, from new graduates to specialists, and Castletown employs a large retail and hospitality workforce. Both groups value being able to walk or cycle to work.
Young professionals and couples working in the CBD also rent here, attracted by the short commute. Units and flats suit singles and couples, while the houses appeal to small families and sharers, including students at the TAFE campus next door in Gulliver.
Schools, shops and getting around
There is no school inside Pimlico’s boundaries, but plenty close by. Pimlico State High School and Currajong State School are in neighbouring Gulliver, and Hermit Park State School and St Margaret Mary’s College are in Hyde Park. The Cathedral School is a short drive away in Mundingburra.
Castletown Shopping Centre is on the doorstep, with Coles, Woolworths and a wide range of specialty shops. The Anderson Park botanic gardens provide a green escape. The CBD is under 4 km away, and local buses run along the main roads, while Garbutt and the airport are a short drive west.
Local considerations for landlords
Pimlico’s housing stock is generally older, so plan for regular maintenance: roofs, gutters, timber, plumbing, electrical safety switches and ageing appliances. Homes built before modern cyclone standards should have roof fixings checked by a qualified tradesperson. Unit owners should review body corporate levies, maintenance plans and building insurance.
Pimlico sits a little higher than the riverside suburbs to its south and east, but heavy rain can still affect low spots near drainage lines. Check the council’s flood maps for the address, and hold landlord insurance with storm, flood and loss-of-rent cover.
Managing a rental in Pimlico
We market Pimlico properties to the tenants who benefit most from the location, especially Mater health workers and Castletown staff. For hospital employees on contracts or rotations, we verify employment carefully and, where it helps secure the right tenant, work with flexible start dates.
Pimlico is an easy drive from our Kirwan office. Our routine inspections focus on the common wear points in older homes and units, and we give you clear, prioritised maintenance recommendations.
Pimlico FAQs
Is Pimlico State High School in Pimlico?
No. Pimlico State High School and TAFE Queensland's Pimlico campus are both inside neighbouring Gulliver, a short walk from many Pimlico streets.
Who rents near the Mater hospitals?
Nurses, doctors, allied health and support staff at the Mater hospitals are a big part of Pimlico's market. Many want a unit or small home within walking distance of work.
Sources: population from the ABS 2021 Census. Distances are straight-line, calculated from OpenStreetMap boundary data (© OpenStreetMap contributors). School list from the Queensland Government schools directory. Page reviewed September 2026.