Toowoomba real estate market lacks 'consistency'

A NEW report from a real estate valuation company has said Toowoomba's market "lacks consistency".

A NEW report from a real estate valuation company has said while Toowoomba's property market lacks consistency, the prestigious home market is performing strongly.

The June Month In Review report from Herron Todd White residential revealed Toowoomba's residential property market remained steady in the first half of 2018 following a general decline since the peak of activity at the end of 2013.

"Although sales activity has been steady across the board, the market has continued to be multispeed and property specific," the report read.

"There has been little consistency with variations in sale prices and buyer interest across established suburbs. The prestige market however has been performing strongly, particularly in the eastern suburbs and the upper end of the rural-residential market.

"The median sale price has displayed some growth over the past three years, currently sitting at approximately $390,000 up from $375,000 in June 2015. As of April 2018, there were about 1740 houses and units listed for sale in postcode 4350. This is near a six-year high and does not show well for price growth in the short term."

For the latest property news, grab the Real Estate Guide in Saturday's edition of The Chronicle.
 

Originally published as Toowoomba real estate market lacks 'consistency'