Toowong

POSTAL CODE: QLD, 4066

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 12.07% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,625,000

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $695.

Home owners selling their properties and realtors in TOOWONG usually have to wait an average of 45.3 days days before their assets are lifted off the market.

The QLD suburb ranks 722nd on the list of best yielding suburbs for rental properties in QLD, posting a 2.22% return.

It also places places 757th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 15.91% over the last 12 months in TOOWONG, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that TOOWONG, 4066 obtained a 5.73% growth over a ten-year period. It ranks 775th on our list of suburbs that property investors should look into.

TOOWONG, 4066 has a capital gain of 15.91% for the past year, which is higher than average compared to its 77.53% growth within a five-year period.

With the median home price in TOOWONG sitting at $790,000, and the average rent at $680, property owners could potentially earn a 4.48% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in TOOWONG are low, as opposed to average gains per annum over the past five years.

TOOWONG, 4066 in QLD belongs to the local government area of Brisbane.

Surburb overview

Toowong, QLD 4066, is a vibrant riverside suburb approximately 3 kilometres west of Brisbane's central business district (CBD). Known for its mix of residential, commercial, and recreational amenities, Toowong attracts a diverse range of residents, including professionals, families, students, and retirees.

The suburb features various housing options, from heritage Queenslanders to contemporary apartments. It is home to one of Brisbane's most prestigious boys' schools, Brisbane Boys College, and has easy access to the University of Queensland in neighbouring St Lucia. The iconic Toowong Village shopping centre, located within the "Toowong Tower" development, houses numerous retail stores, including David Jones, Kmart, and Coles, and a large food court.

Toowong is well-connected to the rest of Brisbane through multiple public transportation options. The Toowong train station, numerous bus routes, and the CityCat ferry service provide convenient travel options for residents. The suburb is famous for its accessibility to recreational spots, such as the scenic Mount Coot-tha, Brisbane Botanic Gardens, and the nearby Bicentennial Bikeway along the Brisbane River.

Regarding demographics, the predominant age group in Toowong is between 20 and 29 years. The median weekly household income is around $1,719, reflecting the suburb's appeal to well-educated professionals. Rental properties in Toowong have a median rent of $650 for houses and $600 for units, with rental yields of 2.90% and 4.93%, respectively.

Toowong’s proximity to Brisbane CBD, rich history, and diverse amenities make it desirable for various demographics, including young professionals and families looking to balance city and suburban lifestyles.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,625,000	$790,000
Growth Report
Median Quarterly	0.93%	6.76%
Median 12 month	8.33%	15.91%
Median 3 years	12.07%	54.9%
Median 5 years	68.57%	77.53%
10 years average annual	8.69%	5.73%
Weekly media advert. rent	$695	$680
Time on Market	45.3 days	30.1 days
Gross Rental Yield Percent	2.22%	4.48%

Demographics (Median Values)*

Total Population 9870

Weekly Household Income 1155

Household Size 2.20

Average Age 27

Monthly Loan Repayment 1600

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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