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What Buyers are Looking for in Toowong

What Buyers are Looking for in Toowong

With over 230,000 buyers actively looking in Toowong, it is have never been more important to understand what these buyers are looking for.

Nestled on the Brisbane River, only 5km from the Brisbane CBD, Toowong continues to be a popular choice for both singles and families. These buyers are particularly looking to live in close proximity to esteemed local schools.

Townhouses are in hot demand

Exaggerated by the low supply, first home buyers and young couples are eagerly seeking out townhouses. Low maintenance similar to apartments with the benefit of outdoor space, townhouses are appealing to those who are seeking property with land, without the price tag of a house.

In December 2021, we sold our most inspected property of the year; 5/37 Indooroopilly Road, Taringa. The two bed, two bath townhouse showcased modern finishes and had an effortlessly sophisticated feel which drew in the masses. Previously sold in 2019, the property appreciated 33.5% in just three years, achieving $781,000 and leaving many eager buyers missing out.

5/37 Indooroopilly Road, Taringa | 2 bed 2 bath 1 car

Investment Opportunities

Investor activity has been strong in Toowong, with local investors and interstate investors seeking out well-located apartments within central Toowong.

4/15 Augustus Street, Toowong recently went to market, quickly going under contract, and purchased by an investor, leaving others missing out. The apartment has a large living space with well sized bedrooms, close to Toowong’s shopping and dining hub, not to mention public transport, making it an ideal investment opportunity.

4/15 Augustus Street, Toowong | 2 bed 2 bath 1 car

Expansive Luxury Living

The excellent schools in the area surrounding areas has attracted a large family demographic to Toowong. To accommodate their needs, this demographic has been seeking three to four-bedroom luxury family homes with pools, multiple living spaces plus master bedrooms with generous walk-in robes and ensuites.

10 Brixton Street, Toowong and 14 Knowles Street, Auchenflower were examples which recently sold. Both attracted families who were seeking the luxury feel and room for the kids. They sold well above the Auchenflower and Toowong median, at 18% and 33% respectively.

10 Brixton Street, Toowong | 4 bed 2 bath 2 car

Toowong boasts a comfortable and convenient lifestyle, with easy access to dining experiences and green spaces. Buyers in Toowong are looking for properties that are within close proximity to schools and which offer indoor/outdoor living options.

If you’re looking to sell, we suggest looking at similar sales in your area and seeing if they had any features which improved the sale result.

Or simply complete this form, to book an appraisal offering you the opportunity to make an informed decision before selling.

 

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    Byrony O'Neill

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