PROPERTY GOLD: Toowoomba’s Top 10 growth suburbs

ONE Toowoomba suburb plagued by years of property price woes has seen a double digit growth rate on its annual median house price a new report has revealed.

ONE Toowoomba region suburb plagued by years of property price woes has seen a double digit growth rate on its annual median house price a new report has revealed.

ONE Toowoomba region suburb plagued by years of property price woes has seen a double digit growth rate on its annual median house price a new report has revealed.

Oakey's median house sale price rose a huge 15.1 per cent in the past year.

An analysis of the Real Estate Institute of Queensland's March market monitor revealed the annual median home price in the small Toowoomba region town jumped from $182,500 one year ago to an annual median of $210,000 in the March quarter.

Oakey's real estate market has for a number of years been plagued by fears surrounding PFAS contamination.

Rockville had the second highest growth of any area in Toowoomba, with a growth rate of eight per cent.

The annual median sale price a year ago was $250,000, while in the March quarter the annual median sale price was $270,000.

Mount Lofty, on 6.5 per cent, Westbrook or 6.3 per cent and Wilsonton on 6.2 per cent carried out the top five. 

Crows Nest had the highest drop in annual median sale price dropping -21.9 per cent in a year.

The annual median sale price a year ago was $320,000, while in the March quarter it was $250,000.

Toowoomba City had the second highest drop at -14.7 per cent, followed by Kingsthorpe on -8 per cent.

North Toowoomba, on -6.6 per cent, and Harristown, on -5.9 per cent, filled out the bottom five suburbs.

The REIQ's Market Monitor for the March Quarter revealed the region's housing market has appeared to overcome the initial challenges caused by the COVID-19 pandemic. 

"The Toowoomba property market has faced numerous challenges over the years and has always come out the other side smelling of its famous roses," the report said. 

"The main reason for such a consistently solid performance has been its diverse economy, which isn't overly reliant on any one industry.

The report claimed Toowoomba's housing market was on track to experience one of its best years yet.

Toowoomba's top ten suburbs for increase in annual median sale price

Oakey 

15.1 per cent increase on annual median sale

Annual median sale: $210,000

Annual median sale 1 year ago: $182,500

Rockville

8 per cent increase on annual median sale

Annual median sale: $270,000

Annual median sale 1 year ago: $250,000

Mount Lofty

6.5 per cent increase on annual median sale

Annual median sale: $475,000

Annual median sale 1 year ago:  $446,000

Westbrook

6.3 per cent increase on annual median sale

Annual median sale: $473,000

Annual median sale 1 year ago:  $445,000

Wilsonton

6.2 per cent increase on annual median sale

Annual median sale: $300,000

Annual median sale 1 year ago: $282,500

Highfields

4.1 per cent increase on annual median sale

Annual median sale: $505,000

Annual median sale 1 year ago:  $485,000

Harlaxton

3.6 per cent increase on annual median sale

Annual median sale: $290,000

Annual median sale 1 year ago: $280,000

South Toowoomba

3.4 per cent increase on annual median sale

Annual median sale: $336,000

Annual median sale 1 year ago: $325,000

Darling Heights

2.4 per cent increase on annual median sale

Annual median sale: $335,000

Annual median sale 1 year ago: $327,000

Kleinton

2.4 per cent increase on annual median sale

Annual median sale: $532,500

Annual median sale 1 year ago: $520,000

Originally published as PROPERTY GOLD: Toowoomba’s Top 10 growth suburbs