Suburb Profile Report for Toowong QLD (4066)

Toowong House: Median price $890,500, Annual capital growth 2.34%, Number of sales 59, Weekly median advertised rent $545

Toowong Unit: Median price $427,000, Annual capital growth 1.12%, Number of sales 174, Weekly median advertised rent $415

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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Investment property in Toowong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.60%

Toowong,4066 was ranked 850 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Toowong should be aiming for at least -7.61% off the asking price, which is the average vendor discount being achieved at the moment.

Toowong, 4066’s gross rental yield is 3.18%

Investment property in Toowong has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.47%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Toowong has fallen somewhat when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Toowong is offering property investors an average of -6.32. This rate of discount on properties puts Suburb at number 171th in terms of most discounted suburbs in QLD

Information supplied by:

YIP MAG
September 2016

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W
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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	HOUSE	UNIT
Median price	$890,500	$427,000
Quarterly growth	2.06%	-0.93%
12-month growth	8.60%	0.47%
Average Annual Growth	2.34%	1.12%
Weekly median advertised rent	$545	$415
Number of sales	59	174
Gross rental yield	3.18%	5.05%
Days on market	58.8372093023256	72.2280701754386

Your estimated repayment
$3,445.35/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Balanced (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