Area snapshot

Toowoomba Real Estate

Toowoomba area snapshot

Located just over an hours drive from Brisbane, Toowoomba is Australia’s largest inland city. Toowoomba offers affordable housing, a diversified economy and an emerging industrial and commercial precinct supporting the greater Darling Downs region. Strong commitment by the local government to provide significant infrastructure projects is also anticipated to stimulate demand for office and industrial space over the coming years.

Toowoomba Facts

  • It is the largest inland regional city in Australia, and is located upon the Great Dividing Range.
  • Toowoomba Region area in 2009 was home to 159,098 occupants, accounting for 3.6% of the population in Queensland.
  • Over the past five years, the population of the Toowoomba Regional Council area has increased at an average annual rate of 1.9%.
  • The region’s major enterprises include manufacturing, resources, retail, health and community services, as well as agriculture and export.
  • Toowoomba is the economic and commercial hub of the Darling Downs. It services a diversity of primary and secondary industries and plays a significant role in the economic development of a large area of the southern & south western Queensland.
  • Supported by a number of major highways, Toowoomba is located a leisurely 90 minute drive from Brisbane & approximately 120 minutes to both the north & south coasts.
  • The most recent ABS Australian Business Register indicated there were 13,727 business entities registered in the Toowoomba Regional Council area on June 2009.

Live in Toowoomba

As the fourth most family friendly city in Australia, Toowoomba has much to offer residents. With an abundance of public parks and green spaces, schools and sporting clubs, and just 90 minutes to Brisbane and close proximity to both the Gold and Sunshine Coasts, Toowoomba has become an ideal place to raise a family.

The city has more than 50 primary and high schools. It is known as a school hub, with many families from rural areas choosing to send their children to board in Toowoomba. It has a leading performer in the Southern Queensland Institute of TAFE while the University of Southern Queensland has forged a reputation as one of the country’s leading providers of on-campus and distance education programs.

There are three hospitals and an abundance of medical and allied health practices that provide top-level medical care to residents. The Toowoomba Hospital in particular is one of the best performing hospitals in the state, with a median wait time in emergency of 12 minutes, and a 27 day median wait period for elective surgery.

Living in Toowoomba couldn’t be more affordable either. The median house price for Toowoomba stands at $309,000, much lower than the state average of $380,000 and national average of $340,000. Rent prices are also extremely competitive, with the median rate sitting at $230 a week, compared to the state average of $300 and national average of $287. In January, Toowoomba was named one of the country’s 50 property hotspots for the fourth year in a row.

Toowoomba is also the regions employment capital and has Queensland’s lowest rental vacancy rate and employment levels. There continues to be imminent job creation through the vast infrastructure projects among the region, as well as the resources sector positioned in close proximity:

  • The recent government approved ‘Second Bypass Crossing’ will bring 2,000 jobs to the region to complete the $1.7 billion project
  • The soon to be completed ‘Wagner Wellcamp Airport’ will allow for international direct jet accessibility and upon completion will have cost in excess of $100 million
  • The redevelopment of QIC’s Garden Town Shopping Centre will reach in excess of $300 million and will welcome an influx of national retailers

Thanks to these and other supplementary projects it truly is undeniable that Toowoomba is now, and will continue to, experience major economic growth for some time to come.

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