Toowoomba continues to outperform expectations, with property values rising approximately 13% year-on-year. Median prices in key suburbs such as Middle Ridge and Toowoomba West have increased by around $100,000 in the past 12 months.
Since 2019, median house prices across Toowoomba have jumped by an estimated 67.5%, meaning a property once worth $400,000 is now pushing $670,000. In the past year alone, Toowoomba City recorded a 15.8% increase in house values (median: $670,000) and an 11.8% rise in unit prices (median: $425,000). Rental yields remain healthy, sitting at around 4.0% for houses and 4.8% for units.
New housing remains scarce, with supply unable to match ongoing buyer demand. Entry-level stock under $450,000 has become increasingly rare—falling by more than 75% since 2021.
Several new housing estates are in development, including:
A proposed 29-lot and 154-lot subdivision in Oakey
A 2-hectare site in Middle Ridge expected to deliver up to 123 dwellings, earmarked for low-to-medium-density housing
While these developments aim to ease pressure, they are not yet sufficient to meet the current demand surge.
Nationally, the property market is benefitting from a series of interest rate cuts totalling 75 basis points since February 2025. These have provided much-needed borrowing relief and encouraged buyer activity across the board.
At the same time, the total value of Australia’s housing market has hit a record $11.6 trillion, driven by heightened investor activity and sustained consumer confidence.
Toowoomba’s strategic position continues to attract investment. Major infrastructure like the Inland Rail project, Wellcamp Airport upgrades, and the city’s growing role as a logistics and agribusiness hub are long-term value drivers.
Significantly, Toowoomba is now confirmed to host equestrian events for the 2032 Brisbane Olympic Games—further enhancing its national profile and likely spurring additional infrastructure and tourism opportunities in the years ahead.
Real estate analysts forecast continued double-digit capital growth in 2025, with predictions ranging from 9% to 13% across Toowoomba’s urban and fringe areas.
Investor confidence remains high, with several notable flips and record-breaking sales in 2024. Rental properties remain in hot demand, especially in family-friendly suburbs, outer growth corridors, and larger lifestyle blocks.
Market Element | Current Status & Outlook |
---|---|
Prices | House prices up 15–16%; units up 12%; median house price ~$670K |
Supply | Low stock levels continue; new developments still in early phases |
Macro Factors | Recent rate cuts and strong investor sentiment pushing prices upward |
Infrastructure | Olympic announcement, Inland Rail, and airport upgrades boosting long-term confidence |
Buyer Sentiment | Competitive; entry-level homes limited; buyers urged to act fast |
Investor Sentiment | High yields, tight vacancies, and capital growth keeping investor interest strong |
Sellers: Conditions remain favourable, with fewer listings and highly motivated buyers. A well-presented property can achieve premium results.
Buyers: Competition is intense, particularly under $500,000. Be prepared, act decisively, and consider expanding your search radius.
Investors: Solid yields and proven capital growth make Toowoomba one of Queensland’s strongest regional performers.
Need suburb-level insights or a tailored property appraisal? Contact the Tomoro team for local expertise backed by data, experience, and award-winning service.