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Area property guide – Toowoomba
Area property guides Toowoomba

Are you thinking about purchasing an investment property in Queensland? Our choice region for the state is Toowoomba.

Kate Hill examines Toowoomba and explains what makes it ideal for your next investment purchase.

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Hello everybody out there. How are you all doing? I’m Kate Hill from Adviseable bringing you the best unbiased and honest content on property along with some fantastic hints and today an area analysis.

Stay tuned today for all the latest on the Toowoomba property market. [Music]

 

So here at Adviseable when we do all of our due diligence and our really detailed area research and location selection processes, we assess 10 key aspects of an area to determine whether it meets very strict criteria.

We refer to this list of qualifying criteria as our area top 10.

It covers topics like infrastructure, industry, population, demographics, supply and demand stats, sales, rental statistics. All that kind of gold dust insider info.

So let’s unpack some of the reasons why we have been purchasing property in Toowoomba for our clients for quite some time.

Toowoomba is known colloquially as the Garden City because you guessed it, its temperate climate and elevation of nearly 700 m above sea level means it has an overabundance of flora.

The city which is about 125 km directly west of Brisbane even has its own annual Carnival of Flowers since 1949.

But Toowoomba is no longer just known for its pretty streetscapes and blooming gardens. This city of some 180,000 people within easy reach of Queensland’s capital has been the beneficiary of a myriad of major infrastructure projects over recent years including its very own privately owned airport.

Let’s start with the fact that quite a few years ago some very successful local business owners decided to build their own airport, as you do.

The $200 million plus Toowoomba Wellcamp airport is not just for their personal use but it also has regular flights to Sydney Melbourne and Brisbane as well as catering for charter flights for the fly in fly out FIFO workers and international air freight services.

The addition of this very significant piece of transport infrastructure has been a real game changer for not just Toowoomba but also the wider Darling Downs region which has clearly had a positive impact on the city’s property market.

Another transformative infrastructure project was the Toowoomba bypass which was decades in the making. Given the city’s strategic location west of Brisbane it’s long been the preferred route for heavy vehicle hauling goods often from the port of Brisbane or north or south however that would sometimes cause bottlenecks in the region’s Toowoomba Range or even gridlock if there’s been an accident.

That situation is no more or less given the what was formerly called the second range crossing opened back in 2019 and it’s that 41 km grade separated dual carriageway bypass partial ring road constructed to the north and west of Toowoomba.

Other noteworthy projects also include the Toowoomba Railway Parklands Development Area, the Toowoomba Hospital redevelopment and a new Queensland Fire and Rescue Services regional operational facility.

With all of this going on as well as the city’s diverse economy growing population and very low unemployment rate it’s not a surprise that the region is attracting a variety of property buyers including first home buyers, tree changers, baby boomers and retirees.

The Toowoomba property market has long been considered one of the Sunshine State’s most stable even before all of these new and exciting editions, and has historically posted solid capital growth over the years is while remaining much more affordable than Brisbane.

Over the past few years though the region has consistently produced stellar market conditions including resisting the downturn pressures that were prevalent in many areas in 2023.

Instead the majority of Toowoomba suburbs are classified as having positive rankings according to the Hotspotting Price Predictor Index Report.

Plus High Fields, Darling Heights, Harston all have rising transaction numbers which are generally precursors to price growth.

While to Toowoomba has been on our property radar for years it is safe to say that 2023 was the year when its market really started to stand out from the crowd in a plethora of places posting quick sales soaring price growth.

Two further suburbs have also been classified as being some of the best performers in the nation with Kearney’s Spring recording an annual price growth of 20.1%, gross rental yields of 4.6%, and Harristown posting an annual price growth of 21.5% and gross rental yields of around 5%.

Now it’s obvious that Toowoomba is having its moment in the property sun, but unlike a bouquet of freshly cut flowers its blooming performance is unlikely to wilt anytime soon.

I will keep you posted on all things property from around Australia. Don’t forget to hit the like and subscribe button if you are enjoying my free content and I will see you soon.

Bye.

Hello everybody out there. How are you all doing? I’m Kate Hill from Adviseable bringing you the best unbiased and honest content on property along with some fantastic hints and today an area analysis.

Stay tuned today for all the latest on the Toowoomba property market. [Music]

 

So here at Adviseable when we do all of our due diligence and our really detailed area research and location selection processes, we assess 10 key aspects of an area to determine whether it meets very strict criteria.

We refer to this list of qualifying criteria as our area top 10.

It covers topics like infrastructure, industry, population, demographics, supply and demand stats, sales, rental statistics. All that kind of gold dust insider info.

So let’s unpack some of the reasons why we have been purchasing property in Toowoomba for our clients for quite some time.

Toowoomba is known colloquially as the Garden City because you guessed it, its temperate climate and elevation of nearly 700 m above sea level means it has an overabundance of flora.

The city which is about 125 km directly west of Brisbane even has its own annual Carnival of Flowers since 1949.

But Toowoomba is no longer just known for its pretty streetscapes and blooming gardens. This city of some 180,000 people within easy reach of Queensland’s capital has been the beneficiary of a myriad of major infrastructure projects over recent years including its very own privately owned airport.

Let’s start with the fact that quite a few years ago some very successful local business owners decided to build their own airport, as you do.

The $200 million plus Toowoomba Wellcamp airport is not just for their personal use but it also has regular flights to Sydney Melbourne and Brisbane as well as catering for charter flights for the fly in fly out FIFO workers and international air freight services.

The addition of this very significant piece of transport infrastructure has been a real game changer for not just Toowoomba but also the wider Darling Downs region which has clearly had a positive impact on the city’s property market.

Another transformative infrastructure project was the Toowoomba bypass which was decades in the making. Given the city’s strategic location west of Brisbane it’s long been the preferred route for heavy vehicle hauling goods often from the port of Brisbane or north or south however that would sometimes cause bottlenecks in the region’s Toowoomba Range or even gridlock if there’s been an accident.

That situation is no more or less given the what was formerly called the second range crossing opened back in 2019 and it’s that 41 km grade separated dual carriageway bypass partial ring road constructed to the north and west of Toowoomba.

Other noteworthy projects also include the Toowoomba Railway Parklands Development Area, the Toowoomba Hospital redevelopment and a new Queensland Fire and Rescue Services regional operational facility.

With all of this going on as well as the city’s diverse economy growing population and very low unemployment rate it’s not a surprise that the region is attracting a variety of property buyers including first home buyers, tree changers, baby boomers and retirees.

The Toowoomba property market has long been considered one of the Sunshine State’s most stable even before all of these new and exciting editions, and has historically posted solid capital growth over the years is while remaining much more affordable than Brisbane.

Over the past few years though the region has consistently produced stellar market conditions including resisting the downturn pressures that were prevalent in many areas in 2023.

Instead the majority of Toowoomba suburbs are classified as having positive rankings according to the Hotspotting Price Predictor Index Report.

Plus High Fields, Darling Heights, Harston all have rising transaction numbers which are generally precursors to price growth.

While to Toowoomba has been on our property radar for years it is safe to say that 2023 was the year when its market really started to stand out from the crowd in a plethora of places posting quick sales soaring price growth.

Two further suburbs have also been classified as being some of the best performers in the nation with Kearney’s Spring recording an annual price growth of 20.1%, gross rental yields of 4.6%, and Harristown posting an annual price growth of 21.5% and gross rental yields of around 5%.

Now it’s obvious that Toowoomba is having its moment in the property sun, but unlike a bouquet of freshly cut flowers its blooming performance is unlikely to wilt anytime soon.

I will keep you posted on all things property from around Australia. Don’t forget to hit the like and subscribe button if you are enjoying my free content and I will see you soon.

Bye.

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