Toolooa is a small community in Queensland within the Gladstone local government area (postcode 4680). With a population of 992, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $51K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, machinery operators & drivers. Employment in the area leans toward manufacturing and construction. The top ancestries reported are English, Australian, Aboriginal Australian.
Toolooa has a median house price of $588,000, holding roughly steady year-on-year. The median weekly rent is $189 (Census 2021). This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,300.
The crime rate in the Gladstone LGA is moderate at 5,791 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.7%, which reads as low yield. Property prices sit below the state median ($588K/$1.1M), which can point to relative value. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.