Suburb Profile Report for Toowong QLD (4066)

Toowong House: Median price $1,004,000, Annual capital growth 3.70%, Number of sales 85, Weekly median advertised rent $545

Toowong Unit: Median price $435,000, Annual capital growth 0.03%, Number of sales 144, Weekly median advertised rent $400

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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QLD has seen average median house prices change by 3.51% which means that Toowong, 4066 has done well for property investors by showing a capital gain of 12.81% over the last year

Toowong,4066 was ranked 644 in Australia by increase in median property value over the quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.18% offered to property buyers. Sellers in Toowong itself are offering an average vendor discount of -4.18% to real estate investors.

Often selling an investment property can take time, and in Toowong the average time real estate has been on the market is 53.6531 days.

Property investors should expect to get $545 weekly from the median priced house in this suburb.

Property value increases in Toowong have tracked just higher than the QLD average of 1.55% over the last 12 months.

Over the longer term, Toowong has seen property prices show investors a -0.28% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Toowong is offering property investors an average of -4.85. This rate of discount on properties puts Suburb at number 102th in terms of most discounted suburbs in QLD

Situated 4.11km from the CBD, Toowong is one of Brisbane (C) localities in the postcode 4066.

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	HOUSE	UNIT
Median price	$1,004,000	$435,000
Quarterly growth	5.24%	1.16%
12-month growth	12.81%	3.14%
Average Annual Growth	3.70%	0.03%
Weekly median advertised rent	$545	$400
Number of sales	85	144
Gross rental yield	2.82%	4.78%
Days on market	53.6530612244898	66.9367088607595

DSR Score for property investment : Above average (H), Balanced (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