  We propose a precessing transient magnetar model for the recently discovered
radio source GLEAM-X J162759.5-523504.3. We identify the observed period of
$\sim 1$ ks as the precession period of the magnetar deformed due to its strong
($B_{\phi} \sim 10^{16}$ G) toroidal field. The resulting deformation of order
$10^{-4}$ implies a spin period of $P_{\rm s} = 0.1$ s. Assuming a strong
dipole field of $B_{\rm d} \sim 10^{14}$ G we predict a period derivative of
$\dot{P}_{\rm s}\sim 10^{-11}$ s/s. We also predict that the precession period
of the magnetar can be observed in the hard X-ray band just as the other three
galactic magnetars exhibit precession.
