Crows Nest is a smaller residential area in Queensland within the Toowoomba local government area (postcode 4355). With a population of 2,212, the suburb has a more retirement-aged population with a median age of 57. Households earn a median income of $47K per year, with an average household size of 2.1 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, German.
The median house price in Crows Nest is $500,000, having risen steeply by 26.6% over the past year. Units have a median price of $435,000 (+35.9% YoY). The median weekly rent is $270 (Census 2021). This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,118.
Crows Nest is served by 1 school, including 1 combined. The average ICSEA score is 949, which is below the national average of 1,000. The crime rate in the Toowoomba LGA is moderate at 5,831 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.8% (low yield). Property prices sit below the state median ($500K/$1.1M), which can point to relative value. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +26.6% 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.