Toowoomba Property Factsheet 2nd Half of 2018

Toowoomba, particularly postcode 4350/4352, is a lucrative investment option to Brisbane Metro. Now is the time for owner-occupiers and first-time investors to secure their dream property in this affordable property market

In Q2 2018, the Toowoomba property market, especially postcode 4350/4352, recorded a median house price of $380,000 and $310,000 for units in Q2 2018, which represented an annual price change of -6.2% and 3.4% respectively. Over the same period of time, house prices in Toowoomba Regional Local Government Area (LGA) softened by -4.4% to $366,000 and unit prices grew by 1.0% to $302,500. Compared to the LGA both houses and units have a more premium price in postcode 4350/4352. In particular, units in postcode 4350/4352 offered higher capital growth compared to the LGA.

Over the past 12 months to Q2 2018, average vendor discounting for houses tightened to -3.8% suggesting that sellers are achieving closer to their first asking price. Thus, despite the slight softening in median price growth, sellers in postcode 4350/4352 still benefitted from a high demand market. The unit market also tightened, with average vendor discounting at -3.1% in Q2 2018. This, combined with positive annual growth in median unit prices, indicates that the unit market in postcode 4350/4352 is stronger than the unit market in the Toowoomba Regional LGA.

Median rent for houses in postcode 4350/4352 remained relatively stable over the past 12 months to Q2 2018, and sat at $340 per week. Median rent increased by 2.2% and commanded $280 per week. Investors are benefiting from rental yields of 4.4% (house) and 5.1% (units), similar to that of Toowoomba Regional LGA’s 4.7% and 5.2% and Brisbane Metro’s 4.8% and 5.0%, respectively.