Toowoomba Regional CouncilEconomic profile
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Toowoomba

Housing valuation

At June 2018, Toowoomba had a median house valuation of $367,945, $90,415 lower than the median house valuation for Queensland.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Toowoomba20182014Change
Housing value (at June)ToowoombaQueenslandToowoomba relative to QueenslandToowoombaQueenslandToowoomba relative to Queensland2014 to 2018
House--------------
First Quartile$297,893$316,285-5.8%$280,002$316,236-11.5%+$17,891
Median$367,945$458,360-19.7%$338,036$418,290-19.2%+$29,909
Third Quartile$484,095$639,156-24.3%$446,072$543,256-17.9%+$38,023
Unit--------------
First Quartile$207,136$273,559-24.3%$209,425$262,692-20.3%-$2,289
Median$242,182$356,880-32.1%$240,577$328,583-26.8%+$1,605
Third Quartile$285,378$444,896-35.9%$276,646$408,410-32.3%+$8,732

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Queensland: $444,896 Median, Queensland: $356,880 First Quartile, Queensland: $273,559 Third Quartile, Queensland: $639,156 Median, Queensland: $458,360 First Quartile, Queensland: $316,285 Third Quartile, Toowoomba: $285,378 Median, Toowoomba: $242,182 First Quartile, Toowoomba: $207,136 Third Quartile, Toowoomba: $484,095 Median, Toowoomba: $367,945 First Quartile, Toowoomba: $297,893
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Queensland: $36,486 Median, Queensland: $28,297 First Quartile, Queensland: $10,867 Third Quartile, Queensland: $95,900 Median, Queensland: $40,070 First Quartile, Queensland: $49 Third Quartile, Toowoomba: $8,732 Median, Toowoomba: $1,605 First Quartile, Toowoomba: $-2,289 Third Quartile, Toowoomba: $38,023 Median, Toowoomba: $29,909 First Quartile, Toowoomba: $17,891
Source: Hometrack 2014-2018, Housing Valuation System

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