Located in Queensland within the Toowoomba local government area, North Toowoomba is a compact suburb (postcode 4350). The area has roughly 3,332 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $65K 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in North Toowoomba is $525,000, having risen steeply by 17.6% over the past year. Units have a median price of $406,000 (+8.9% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,408.
The crime rate in the Toowoomba LGA is moderate at 5,831 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.0%, which reads as moderate yield. Property prices sit below the state median ($525K/$1.1M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +17.6% 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.