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Toowong, QLD 4066
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,850,000
market range $1.8M-$2.0M
Median Unit
$890,000
market range $850K-$925K
Gross Yield (houses)
2.5%
1yr Growth (houses)
+4.5%
market range +2.5% to +25.0%
Investment snapshot for Toowong
Toowong has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Toowong market and investor summary
Toowong (QLD 4066) runs a median house price of $1.9M, with houses yielding a gross 2.5%. House prices have moved +4.5% over the past year. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking.
Living in Toowong: people, income and schools
Toowong has a resident population of roughly 12,556, and the area has been growing steadily, up about 6% over five years. The median age is 30, younger than the national median, with renters making up 55% of households.
Households here earn a median of about $100,000 a year, or roughly $1,930 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 18.5 times local household income, so affordability is a genuine constraint on local buyers.
There are 63 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 4.1 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 73 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).
- Population
- 12,556
- +6% over 5yr
- Median age
- 30 years
- Median household income
- $100,000/yr
- Households renting
- 55%
- Family households
- 54%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 63
- avg ICSEA 1135
- Unemployment
- 3.9%
- Distance to CBD
- 4.1 km
- Walk score
- 73/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Toowong
View all →Frequently asked questions about Toowong
What should I check before investing in Toowong?
Toowong has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +4.5% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Toowong?
The median property price in Toowong, QLD 4066 is $1.9M for houses and $890K for units.
What rental yield does Toowong show?
The gross rental yield in Toowong is 2.5% for houses and 4.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Toowong?
House prices in Toowong are up 4.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Toowong?
The current vacancy rate in Toowong is 1.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Toowong?
Toowong has a population of approximately 12,556 residents, with a median age of 30.
What schools are near Toowong?
There are 63 schools within roughly 5km of Toowong. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Toowong affordable to buy in?
A median house in Toowong costs about 18.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Toowong's population growing?
The population of Toowong has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Toowong from the CBD?
Toowong is about 4.1 km from the CBD.
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