Toowong (postcode 4066) is a settled mid-to-large suburb in Queensland within the Brisbane local government area. With a population of 12,556, the suburb has a younger, working-age population with a median age of 30. Households earn a median income of $100K per year, with an average household size of 2.1 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 professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Toowong is $1.6 million, having grown strongly by 5.8% over the past year. Units have a median price of $620,000 (+17% YoY). The current median weekly rent is $529. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,000.
Toowong is served by 6 schools, including 2 primary, 2 secondary, 2 combined. The average ICSEA score is 1162, which is well above the national average of 1,000. Public transport access includes 1 rail station, 66 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, Toowong shows a gross rental yield of approximately 1.7%, rated as low yield. Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 15.8x is considered stretched. House prices have moved +5.8% 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.