Current
Marketplace
What I am seeing on the ground & in the numbers
The lack of available stock is still causing more buyers to filter through less property.
With building costs remaining high and interest rates coming down, the outlook for Brisbane property, in particular units, will remain strong for 2025.
I have found that after several years of strong but not groundbreaking growth, units built between 2005 & 2015 have now started to more consistently achieve prices above $850,000. I feel that this is due to the newer building now charging close to $1,000,000 for brand new 2bed 2bath units.
Interestingly, the first re-sales for the brand new complex in Lissner Street, Toowong have seen 2bed 2bath units achieve a price of $1.2mil. I have been using these recent sales as case studies to demonstrate the value of 10 year old properties and how much money can be saved.
Herron Todd White
Property Clock
Herron Todd White is one of the largest independent property valuation firms in Australia. Their vision is to be the most respected and trusted property advisory organisation. Each month, they offer an updated insight into how the real estate market is travelling as a city and potentially what is next for property in that city, click below to view.
Suburb Data - Toowong
Last month Toowong had 161 properties available for rent and 71 properties for sale. Median property prices over the last year range from $1,805,000 for houses to $717,500 for units. If you are looking for an investment property, consider houses in Toowong rent out for $760 PW with an annual rental yield of 2.6% and units rent for $642 PW with a rental yield of 4.7%. Toowong has seen an annual compound growth rate of 16.5% for houses and 14.8% for units.
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2 Bedroom Units - $730,000
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+16.8%
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16 Days on Market
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1764 Qualified buyers are currently searching for property in the suburb on Realestate.com.au
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26 - similar units are For Sale
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152 in the last 12 Months