The 5 Best Suburbs to Invest in Toowoomba (and Why)

Toowoomba has cemented its reputation as one of Queensland’s strongest regional property markets — offering affordability, lifestyle appeal, and steady growth backed by strong local infrastructure and a thriving economy.
With low vacancy rates, population growth, and ongoing development across the Darling Downs, investors are increasingly turning their attention to Toowoomba’s key suburbs.

Here are five of the best suburbs to consider if you’re looking to invest in Toowoomba property — and the reasons they’re worth watching.

1️⃣ Middle Ridge

Prestige, stability, and consistent long-term demand

Middle Ridge remains one of Toowoomba’s most established and desirable areas. The suburb offers leafy streets, large homes, and a premium lifestyle just minutes from the CBD.

• High owner-occupier appeal supports price stability

• Proximity to shops, cafes, and the Ridge Shopping Centre

• Quality schools nearby, including Middle Ridge State and Highlands Christian College

• Low vacancy rates and consistent capital growth

While entry prices are higher, Middle Ridge offers solid long-term capital security and attracts high-quality tenants.

2️⃣ Kearneys Spring & Harristown

Strong rental yields and central convenience

These neighbouring suburbs have been standout performers, with impressive annual growth and healthy rental returns.

• Median house prices remain affordable relative to inner suburbs

• Close to the University of Southern Queensland and major shopping precincts

• Popular among students, professionals, and young families

• Rental yields around 4.5–5% make it appealing to investors

Kearneys Spring and Harristown balance affordability with consistent demand — a great combination for investors seeking both yield and growth.

3️⃣ Centenary Heights

Family-friendly, reliable, and well-connected

Centenary Heights is known for its strong sense of community and access to excellent schools, parks, and amenities.

• Home to the sought-after Centenary Heights State High School

• Stable tenant profile — long-term family renters

• Close proximity to Rangeville, Middle Ridge, and the city centre

• Moderate entry price point with low turnover rates

For investors looking for steady, reliable returns, Centenary Heights offers security with ongoing appeal to families.

4️⃣ Rangeville

Lifestyle, elevation, and strong buyer appeal

Rangeville is one of Toowoomba’s most picturesque suburbs, offering escarpment views, tree-lined streets, and easy access to Picnic Point and the Range Shopping Centre.

• High demand from both owner-occupiers and tenants

• Strong growth history driven by limited land supply

• Mix of renovated character homes and modern residences

• Elevated positions command premium rent and resale value

Rangeville remains a top performer for investors focused on quality, lifestyle-driven properties with solid appreciation potential.

5️⃣ Westbrook, Glenvale & Cotswold Hills

Growth corridor with strong upside potential

Toowoomba’s western corridor is fast becoming a hotspot for future growth. With new estates, improved transport links, and population expansion, these suburbs are poised for continued development.

• Lower entry price points offer strong growth potential

• Major new infrastructure, retail and schooling projects in progress

• Attractive to young families and first-home buyers

• Large blocks and new homes drive modern appeal

While still maturing, these areas offer excellent long-term potential for capital gains as Toowoomba expands westward.

⚖️ Comparing the Investment Appeal

? Final Thoughts

Toowoomba continues to offer some of the best regional investment opportunities in Queensland.
Whether you value long-term capital growth, strong rental yields, or entry-level affordability, the city’s diverse suburbs provide options for every investor type.

• Premium stability: Middle Ridge or Rangeville

• High-yield balance: Kearneys Spring or Centenary Heights

• Future growth: Westbrook, Glenvale, Cotswold Hills

As always, successful property investment depends on local insight, detailed due diligence, and understanding where the market is heading — not just where it is today.

? Thinking about investing in Toowoomba?

Our team at Tomoro specialises in helping investors identify high-performing suburbs and properties across the Toowoomba region.
? Contact us today to discuss your investment goals and discover where the next opportunities lie.