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Wide Range of Options

Toowoomba is famous for housing affordability and for offering a wide range of housing options from inner city to suburban or rural lifestyles. Our residential real estate market is dominated by the $300,000 to $400,000 price bracket which represented 28.6% of sales in 2019. Around 56% of all sales were below $400,000 and just 7.8% of sales were above $750,000.

HOUSE: Median house price: $349,000 (12 months ending December 2019)

LAND: Median land price $216, 000 (December 2019)

Dominant size bracket is 450 to 599 square metres per lot.

Ten-year average sales is 2,880 per annum

Where are the new land subdivisions:

Glenvale, Harristown, Cotswold Hills, Highfields, Kleinton, Wyreema/Cambooya.

How many new blocks are available in housing estates:

The Residential Tenancy Authority held bonds for 11,738 houses and 8106 units in December 2019.

Rent ranges from $200 per week for a one-bedroom unit to around $400 per week for a 4-bedroom house.

Looking forward

The Queensland government states that within the next five (5) years some

2,700 additional allotments could be added to the Toowoomba land supply.

Source: Matusik Property Insights.

Toowoomba Units

The Toowoomba unit market is concentrated in the $200,000 to $299,999 price bracket and the $300,000 to $399,999 price bracket which represented 32.5% and 27.2% of sales in 2019 respectively. While 87.9% of all recorded sales were priced below $400,000. The post $500,000 market only represented 12.13% of all unit sales in 2019, which is an increase of 4.0% from the previous year.

With thanks to Katie Knight, REIQ Representative for Toowoomba and Toowoomba Regional Council