Toowoomba real estate: Every suburb’s best-selling property of 2023 so far
There is still incredible demand for residential property in the Toowoomba urban area, and it’s not just isolated to our most lucrative suburbs. Check out the $42m list here:
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There is a “new bottom line” if you want to buy a home in Toowoomba, but key trends are emerging for savvy buyers wanting to secure quality properties.
That’s according to a prominent Toowoomba real estate, who said interest from out-of-town buyers was leading to a number of market trends.
It comes as analysis from News Corp shows the top-selling home in 17 of 31 Toowoomba properties from 2023 so far crossed the $1m mark, and all but one had a selling price below $600,000.
In fact, just two suburbs saw a drop in their median house price over the past 12 months.
This year saw suburbs like South Toowoomba reaching seven figures for the first time, while in areas like East Toowoomba the top-selling home was $1.8m above the 2022-23 median of about $800,000.
One suburb’s property even broke the Toowoomba house sale record at nearly $5m.
Good Real Estate owner Brendan Mayles, who himself sold a beautiful home in Hodgson Vale for an extraordinary $1.347m in March, said nearly half of inquiries for Toowoomba properties were coming from buyers not already living here.
This was creating interest in localities just outside the urban area, like Top Camp, Mount Rascal, Hodgson Vale, Blue Mountain Heights and Prince Henry Heights.
“We’re still seeing 40 per cent of inspections coming from outside of Toowoomba – mostly people on the coast but also regional buyers,” Mr Mayles said.
“As much as traditional Toowoomba is doing well, there are a lot of lifestyle areas that have gone to a new level.
“For outsiders, a five-to 10 minute drive into the city is absolutely bliss, far less than they’ve come to expect on the east coast.
“They’re trying to graft the Australian dream here.”
For people wanting to buy within Toowoomba itself, Mr Mayles said blue-chip suburbs like East Toowoomba, Mount Lofty, Redwood and Rangeville would remain popular into the future.
But he urged potential buyers to consider “bridesmaid suburbs” like North Toowoomba, South Toowoomba and even Wilsonton, pointing to their strong social and commercial infrastructure.
“Their median house prices are far less than your East Toowoombas and Rangevilles so those suburbs will continue to get a lot of attention from buyers,” Mr Mayles said.
“Wilsonton is another suburb that deserves attention — it’s still a suburb with beautiful pockets, the infrastructure like restaurants and shopping centres that’s going in there is going to help with interest.
“A house I had in Wilsonton we sold for $520,000, and it was a sign that for families wanting to live in Toowoomba, they’re looking elsewhere.
“If your budget is $550,000, your shopping list is getting shorter and shorter.”
Mr Mayles said families wanting to buy in Toowoomba should not look by suburb but rather by school.
“You’ve got the key popular suburbs that people are searching for, but my biggest tip is look at the school catchment zones and start focusing on catchments rather than suburbs,” he said.
“You can still get into Toowoomba East State School and be in North Toowoomba.”
Check out the top-selling residential property in each suburb in 2023 below:
Blue Mountain Heights
Address: 4 Elyse Court
Price: $1.25m
Agency: Elders Real Estate Toowoomba
Suburb median price 2022-23: $852,500 (down 0.7 per cent)
Centenary Heights
Address: 2/362 Hume Street
Price: $700,000 (unit)
Agency: Re/Max Success
Suburb median (unit) price 2022-23: $428,000 (up 21.3 per cent)
Cotswold Hills
Address: 2A Maureen Court
Price: $1.2m
Agency: Helen Austin Property
Suburb median price 2022-23: $525,000 (down 24.5 per cent)
Cranley
Address: 18 Sanctuary Drive
Price: $696,000
Agency: LJ Hooker Toowoomba
Suburb median price 2022-23: $509,000 (up 7.2 per cent)
Darling Heights
Address: 10 Clegg Street
Price: $1.3m
Agency: Re/Max Success
Suburb median price 2022-23: $505,000 (up 18.8 per cent)
Drayton
Address: 109-117 Glennie Street
Price: $955,000
Agency: House Estate Agents
Suburb median price 2022-23: $505,000 (up 12.2 per cent)
East Toowoomba
Address: 78 Campbell Street
Price: $2.6m
Agency: iThink Property
Suburb median price 2022-23: $818,000 (up 18.6 per cent)
Glenvale
Address: 788 Boundary Street
Price: $1.43m
Agency: Ray White Highfields/Toowoomba Range
Suburb median price 2022-23: $510,000 (up 9.7 per cent)
Gowrie Junction
Address: 33 Colonial Drive
Price: $1,100,000
Agency: Ray White Toowoomba
Suburb median price 2022-23: $740,000 (up 19.4 per cent)
Harlaxton
Address: 3 Kate Street
Price: $750,000
Agency: LJ Hooker Toowoomba
Suburb median price 2022-23: $407,500 (up 6.2 per cent)
Harristown
Address: 20a Merritt Street
Price: $840,000
Agency: Ray White Toowoomba
Suburb median price 2022-23: $451,000 (up 10 per cent)
Highfields
Address: 80 Lawrence Road
Price: $2,100,000
Agency: Re/Max Success
Suburb median price 2022-23: $755,000 (up 8.8 per cent)
Hodgson Vale
Address: 11 Manikato Drive
Price: $1,347,800
Agency: Good Real Estate
Suburb median price 2022-23: $855,000 (up 6.8 per cent)
Kearneys Spring
Address: 14 McGrory Drive
Price: $870,000
Agency: Colliers International Toowoomba
Suburb median price 2022-23: $577,500 (up 20.3 per cent)
Middle Ridge
Address: 20a Glencoe Court
Price: Not Disclosed
Agency: Webster Cavanagh Real Estate
Suburb median price 2022-23: $802,500 (up 4.4 per cent)
Mount Lofty
Address: 6 Curzon Street
Price: $2,500,000
Agency: Webster Cavanagh Real Estate
Suburb median price 2022-23: $688,750 (up 4.3 per cent)
Mount Rascal
Address: 265 Mount Rascal Road
Price: $1,140,000
Agency: NGU Real Estate Toowoomba
Suburb median price 2022-23: N/A
Newtown
Address: 6 Clairmont Street
Price: $850,000
Agency: RealWay Property Partners
Suburb median price 2022-23: $449,000 (up 13.7 per cent)
North Toowoomba
Address: 81 Jellicoe Street
Price: $860,000
Agency: Ray White Toowoomba
Suburb median price 2022-23: $450,000 (up 7.1 per cent)
Preston
Address: 44 Panoramic Drive
Price: $775,000
Agency: LJ Hooker Toowoomba
Suburb median price 2022-23: N/A
Prince Henry Heights
Address: 100 Prince Henry Drive
Price: $2,500,000
Agency: Helen Austin Property
Suburb median price 2022-23: $935,000 (up 18 per cent)
Rangeville
Address: 56-60 Leslie Street
Price: $3,500,000
Agency: Webster Cavanagh Real Estate
Suburb median price 2022-23: $625,000 (up 12 per cent)
Redwood
Address: 2 Fletcher Street
Price: $4,925,000
Agency: Ecology Property
Suburb median price 2022-23: N/A
Rockville
Address: 1/6 Shane Court
Price: $520,000
Agency: RealWay Property Partners
Suburb median price 2022-23: $417,500 (up 19.6 per cent)
South Toowoomba
Address: 179a Geddes Street
Price: $1,021,000
Agency: Webster Cavanagh
Suburb median price 2022-23: $497,500 (up 11.7 per cent)
Toowoomba City
Address: 30 Raff Street
Price: $910,000
Agency: Coronis – Inner South
Suburb median price 2022-23: $540,000 (up 22.7 per cent)
Top Camp
Address: 34 Tranter Street
Price: $1,600,000
Agency: Webster Cavanagh Real Estate
Suburb median price 2022-23: N/A
Vale View
Address: 20 Timothy Drive
Price: $1,020,000
Agency: For Sale By Owner Australia
Suburb median price 2022-23: N/A
Westbrook
Address: 664 Wellcamp-Westbrook Road
Price: $1,710,000
Agency: LJ Hooker Toowoomba
Suburb median price 2022-23: $681,300 (up 17.5 per cent)
Wilsonton
Address: 1 Fysh Court
Price: $600,000
Agency: Ray White Toowoomba
Suburb median price 2022-23: $435,000 (up 10.9 per cent)
Wilsonton Heights
Address: 14 High Court Drive
Price: $610,000
Agency: Elders Real Estate Toowoomba
Suburb median price 2022-23: $419,000 (up 18.4 per cent)
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