Suburb Profile Report for Toowong QLD (4066)

Toowong House: Median price $827,500, Annual capital growth 1.86%, Number of sales 74, Weekly median advertised rent $530

Toowong Unit: Median price $465,000, Annual capital growth 1.35%, Number of sales 225, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Investment property in Toowong has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.07%

When looking at the potential capital gains offered to property investors over the last 3 years, Toowong comes in at number 437th in QLD.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.68% offered to property buyers. Sellers in Toowong itself are offering an average vendor discount of -7.35% to real estate investors.

Toowong is 675th on a list of best yielding suburbs for rents in QLD with a 3.33% return

Property investors who have had real estate in Toowong, 4066 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.37%

The five-year average increase in median property values for Toowong,4066 has given property investors a potential capital gain of 5.68% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Toowong, 4066. Typically our figures indicate that -6.60% is being offered, which puts this QLD suburb at 370th most discounted overall in Australia.

Residents and property investors in Toowong have been waiting around 78.27 days to sell a property.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 1.35%.

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.Full summary 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.Close
Metrics i HOUSE UNIT
$827,500 $465,000
-1.49% 4.09%
-2.07% 2.37%
1.86% 1.35%
$530 $400
74 225
3.33% 4.47%
61.97 78.27

Source: CoreLogic

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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