Toowong remains one of the most sought after areas of Brisbane with its median house price of $835,000 sitting well above the Brisbane average of $665,000. In Toowong the number of sales per annum has continued to drop over the last 2 years, suggesting people are holding onto their properties for longer, whilst demand for the area remains strong.

In a suburb which boasts exceptional schools, good business infrastructure, close proximity to UQ and easy access to all three major transport options (ferry, train and bus), it’s obvious why Toowong is such a popular choice.

As fewer homes become available each year, Toowong offers sellers the opportunity to maximise their price as a shortening of stock is being seen across the housing market. The majority of house sales fall within the $600,000 -$800,000 price bracket with a close second between $1 million – $2 million. The price bracket of $800,000 – $1 million experiences a low number of house sales, probably due to the rarity of homes in this range.

If you’re interested to see how your property would compare in the current market, contact us today for an appraisal.

–  Source RP Data