Growth, Lifestyle, and Investment Potential
Toowong, located just 4 kilometres from Brisbane’s CBD, is a highly sought-after suburb with exceptional accessibility and lifestyle amenities. Spanning approximately 4.2 square kilometres, Toowong boasts 18 parks covering nearly 10.4% of its area, providing residents with ample green spaces and easy access to nature, including a quick 3-minute drive to Mt Coot-Tha. Nestled along the Brisbane River, Toowong offers direct access to the Brisbane Airport, Gold Coast, and Sunshine Coast via the M1 Motorway. This strategic location makes it a coveted address for professionals, families, and investors alike.
Toowong is home to 12,428 residents, predominantly a young, active, and professional demographic aged 20-39. According to Domain and ABS, 55% of residents rent, while 45% own their homes. This dynamic population is well-educated, with over 56% holding tertiary qualifications, according to ABS data, and nearly a quarter earning more than $150,000 per year. The suburb’s high socio-economic status, combined with its abundant amenities, makes it a desirable location for both singles (68%) and families (32%).
Houses
The property market in Toowong remains robust, with the median house price currently at $1,510,333, reflecting an 11.97% averaged annual growth, according to RP Data. Houses in Toowong are in high demand, spending an average of 23 days on the market, with 71 sales recorded in the past year. For investors, houses in Toowong offer a rental yield of 2.91%, with a median rent of $690 per week. The strong owner-occupier presence in the suburb, combined with stable market conditions, provides a solid foundation for future growth and investment stability.
Units
The unit market in Toowong is particularly appealing for investors, with a median sale price of $600,000 and an impressive 13.54% growth over the past 12 months. 275 units were sold in the past year, with units typically spending just 12 days on the market. The rental yield for units is a strong 5.06%, making Toowong an attractive option for those seeking solid returns in a less volatile market. The high proportion of owner-occupied dwellings in Toowong adds a layer of security to the apartment market, ensuring long-term stability and resilience against market fluctuations.
Free Property Appraisal
Are you curious about the current value of your property? Get your free property appraisal today with Calibre Real Estate. Our experienced agents are here to provide you with a comprehensive and accurate assessment, helping you make informed decisions in the Ashgrove real estate market. This service is beneficial whether you’re considering a sale, rent, or just want to understand your property’s current market value.
For more information and to stay updated on the latest real estate trends in Ashgrove, visit our website or contact our team of experts at Calibre Real Estate. Whether you’re buying, selling, renting, or simply exploring your options, we’re here to support you every step of the way.
