Why Invest in Toowong

Hugging the bend of the Brisbane River and only minutes to Brisbane’s CBD, Toowong is a coveted address of true distinction. Abundantly rich in lifestyle and convenience amenity, and within short reach of Brisbane’s major attractions, it’s easy to see why the suburb of Toowong is so desirable and in such high demand.

1. A highly sought-after location

At Toowong’s centre is a thriving commercial and retail hub including Toowong Village tower and several other office and retail buildings. The 46,000sqm Toowong Village recently underwent a $50 million refurbishment, which saw revamped interiors, improved layout, new amenities and an alfresco dining precinct.

Proximity to some of Queensland’s most sought-after schools and tertiary institutions also provides immense appeal and bolsters property values.

Toowong is a natural oasis, where locals are spoilt with sprawling parklands, beautiful character homes, and the magnificent Brisbane Botanic Gardens. It’s walking, running, and cycling paths offer a riverside commute to Brisbane’s CBD.

2. Proximity to world-class infrastructure & transport

Located just 4km from the CBD, Toowong is directly serviced by Brisbane’s high-frequency public transport network and is only three stops from central station by train, 3 via city cat and four by bus. Milton Road connects Toowong to major arterial networks and motorways, providing direct routes to key locations including the CBD, airport, and northern suburbs.

While Toowong is already amenity-rich, residential values stand to capitalise further from a significant pipeline of development and proposed infrastructure. This includes a new $450 million mixed-use precinct on a 9,000sqm site opposite Toowong Village, incorporating retail, dining, and a 5-star hotel.

Toowong is also set to greatly benefit from the Brisbane City Council ‘Green Bridges’ initiative, with detailed planning now underway for a cycling and pedestrian connection linking 600 Coronation Drive, Toowong to Orleigh Park, West End.

3. Growing population driving demand

Toowong’s residential population has grown by around 14% over the previous decade to around 12,700 in 2021. Based on current underlying demographic trends, the population is projected to increase by a further 18% by 2031.

4. Strong Employment

Toowong’s most recently recorded unemployment rate of 2.9% sits well below that of key nearby apartment market locations and that of wider Brisbane.

Further to this, local employment opportunities are projected to increase by 34% during the next 10 years.

5. Professional and prosperous demographic

Toowong’s residents are largely young and active white-collar professionals with a high socio-economic status. More than half the population have a tertiary qualification and are employed in professional services, with close to a quarter earning in excess of $150,000 per annum.

A decrease in the proportion of teenagers and young adults between 20 and 25 has been offset by an increase in early-aged professionals between 26 and 35 and those aged 56-70 encompassing the downsizer demographic.

6. A desirable residential property market

Reflecting Toowong’s status as an extremely desirable blue-chip location, the median house price of $1.84m commands a $1.1m or 150% premium above that of wider Brisbane.

A high percentage of free-standing and owner-occupied dwellings provide a crucial differentiation for Toowong over other inner-city locations, favouring future investment prospects for attached dwellings.

During the previous two years, the median Toowong apartment price has increased by $100,000 or 24%.

7. High yields

Strong demand for limited rental stock has seen 2- and 3-bedroom apartment rents increase by $96 per week or 22% over 21 months.

Toowong’s subsequent residential investments yields are exceedingly strong, especially when compared to Sydney and Melbourne. And while Brisbane apartment yields have outperformed the southern capitals for an extended period, Toowong apartment yields demonstrate an even higher return than other key Brisbane apartment market catchments.

Now is the time to invest in Toowong

We have an exciting new opportunity launching soon to Toowong. Click here to learn more and register for exclusive access before public release.

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