Suburb Profile Report for Toowong QLD (4066)

Toowong House: Median price $890,500, Annual capital growth 2.36%, Number of sales 65, Weekly median advertised rent $550

Toowong Unit: Median price $415,000, Annual capital growth 0.76%, Number of sales 176, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 8.60% for the last 12 months, Toowong, 4066 has performed for property investments than its average annual 2.36% property growth over the last 5 years.

While Toowong,4066 ranked number 249th in QLD for increase in median house value (annualised) increase, it is ranked 135th over the last 5 years.

Toowong4066 is located in QLD which offers an average discount of -7.03% to property investors. Toowong itself is showing figures that indicate -7.16% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 2.36%, investors should hope to achieve an overall return of 3.21%

Giving property investors a an average capital gain of -2.35% for the last year, Toowong, 4066 is the 770th highest performer in Australia in this respect.

A -13.54% growth in median value for property investors in Toowong,4066 puts this suburb at number 282th in terms of best performing suburbs in QLD

The most recent median price for Toowong is $415000, with sellers offering an average of -4.90% off the asking price.

At number 398 in a list of fastest selling suburbs, Toowong is in the TOP 40% of suburbs in Australia with an average of days on market 67.9333 for properties listed there.

With the median price for a house in Toowong being $415000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.26%

YIP MAG Information supplied by:

YIP MAG
September 2016

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Although Toowong is outside of Brisbane’s CBD, apartments are behind a change in market conditions in the suburb.

West of the city’s inner limits, figures from Real Estate Investar show that an increase in available apartments has driven a 27.5% increase in the level of stock on market in Toowong over the last year.

While apartments may be easier to come by in Toowong at present, their performance hasn’t been great in recent times.

The past three years have seen the median unit price increase by just 4% to $450,000, while it has actually fallen 2% over the last 12 months.

Houses on the other hand are performing better. The median price has risen 3% over the past year to $795,000, while it is 21% higher over the past three.

It is a short drive or train trip to the CBD from Toowong, and the University of Queensland is nearby.
Metrics i HOUSE UNIT
$890,500 $415,000
1.19% -3.71%
8.60% -2.35%
2.36% 0.76%
$550 $420
65 176
3.21% 5.26%
54.3478260869565 67.9333333333333

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 11255
Median household income ($/weekly) 1601
Median age of persons 28
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 2235 19.9
    25-34 years 2938 26.1
    35-44 years 1295 11.5
    45-54 years 1008 9.0
    55-64 years 896 8.0
    Others 2883 25.6
    Age Group
    Census Count Percent(%)
    Not Married 5082 57.5
    Registered Married 2726 30.9
    Defacto Relationship 1026 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6878 64.8
    Croatia 428 4.0
    Papua New Guinea 336 3.2
    United Kingdom 512 4.8
    Other 821 7.7
    Others 1644 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 324 3.2
    Christianity 5503 54.2
    Hinduism 195 1.9
    Islam 200 2.0
    No Religion 3798 37.4
    Others 129 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 355 8.6
    $1,250-$1,499 348 8.4
    $1,500-$1,999 581 14.0
    $2,000-$2,499 381 9.2
    $2,500-$2,999 540 13.0
    Others 1937 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4209 44.3
    Not in the labour force 2509 26.4
    Employed, worked part-time 2016 21.2
    Unemployed, looking for work 414 4.4
    Employed, away from work 348 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 708 10.8
    Professionals 2794 42.5
    Community & personal service workers 603 9.2
    Clerical & administrative workers 922 14.0
    Sales 562 8.6
    Others 983 15.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 470 13.1
    Secondary 367 10.2
    Technical or Further Educational Institution 203 5.7
    University or other Tertiary Institutions 2339 65.2
    Other type of educational institution 113 3.1
    Others 97 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5125 50.2
    Separate house 4321 42.3
    Semi-detached, row or terrace house, townhouse 765 7.5
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2533 56.2
    Being purchased 987 21.9
    Fully owned 974 21.6
    Other tenure type 10 0.2
    Tenure Type
Census 2011, ABS
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