Home prices in Toowoomba suburb set to grow massively

A TOOWOOMBA suburb is expected to deliver Queensland’s biggest price rise in the $500,000 house market.

A TOOWOOMBA suburb is expected to deliver Queensland’s biggest price rise in the $500,000 house market.

A TOOWOOMBA suburb is expected to deliver Queensland's biggest price rise in the $500,000 house market.

Middle Ridge, just outside of Toowoomba, was expected to see a massive 23.9 per cent rise in median price over the next three years, according to analysis by sellorhold.com.au.

That would see its current median house price of $524,490 rise by $125,353 by 2022.

The research looked for suburbs in the $500,000 range that could see a $150,000 or more value jump by 2022.

Research head Jeremy Sheppard said Middle Ridge in Toowoomba claimed second spot nationally in the research.

"Middle Ridge is one of Toowoomba's premier suburbs and is located in a region with a strong local economy as well as a number of large infrastructure projects, including the Toowoomba Wellcamp Airport, which was Australia's first privately funded major airport," Mr Sheppard said.

A Brisbane suburb made the bottom five list with Bahrs Scrub in the Logan region having struggled over recent years.

"Median house prices in Bahrs Scrub are likely to stagnate over the next three years, with forecast growth of only 4.9 per cent, which is partly due to there being ample land available for new supply in that market."

No Sydney suburbs were on the top five list but the top performer nationally did come out of New South Wales, just on the border with Canberra - Karabar in Queanbeyan.

Originally published as Home prices in Toowoomba suburb set to grow massively