Clifton (postcode 4361) is a close-knit residential community in Queensland within the Toowoomba local government area. It is home to about 1,490 residents, with a mature demographic and a median age of 49. Households earn a median income of $46K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Irish.
The median house price in Clifton is $421,000, having risen solidly by 5.1% over the past year. Units have a median price of $240,000 (+50% YoY). The median weekly rent is $245 (Census 2021). This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,083.
Clifton is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 970, which is around the national average of 1,000. Healthcare facilities include 1 private hospital. The crime rate in the Toowoomba LGA is moderate at 5,831 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.0%, which reads as moderate yield. Property prices sit below the state median ($421K/$1.1M), which can point to relative value. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +5.1% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.