Toowong (Inner West Brisbane)

sydney

The pleasant suburb of Toowong is located on the train line to the west of Brisbane, and is situated on the Brisbane River affording City Cat access to the city by water.

Indeed, Toowong is the perfect transport hub with every form of transport easily accessible from the suburb.

There is also an attractive riverside footpath walk to the city from Toowong, which is only 5 short kilometres away.

An undulating and leafy suburb, Toowong has attractive and historic pubs (the Regatta Hotel and the Royal Exchange Hotel, or simply the ‘RE’ to locals), restaurants, and its own shopping centre at Toowong Village (which also has office space).

Toowong is located close to a larger shopping centre and cinema complex at Indooroopilly, which also has its own train link.

Toowong is located close to the spectacular Mount Cootha and is home to the largest cemetery in Queensland, which is a more appealing than it sounds (!), a vast space with its own signposted walk.

This is a large suburb at approximately 4 square kilometres and it has two parks. By the time of the 2016 Census the population of the suburb had increased solidly to 10,830.

The predominant age group in Toowong is 25-35 years and households are primarily childless couples who are likely to be repaying between $1800 and $2400 per month on mortgage repayments.

About 43 per cent of the dwellings in are owner-occupied, with much of the apartment stock tenanted, and a significant student population in residence.

In 2017, the median sales price of houses in the area was around $850,000, with median unit prices some way cheaper at around $500,000.

Toowong has appealing Queenslander style houses, as well as a limited range of quality apartment developments with river views (though like many Brisbane suburbs, apartments are lacking in scarcity in 2017, as the city’s attached dwelling completions hit their cyclical peak).

In short, this is a tremendously attractive suburb both for owner-occupiers and property investors, although asset selection is paramount.

Steer clear of the busy throughfares & the generic investor stock of apartments.