Toowoomba Regional CouncilEconomic profile
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Toowoomba

Housing valuation

At June 2018, Toowoomba had a median house valuation of $367,945, $201,745 lower than the median house valuation for Australia.

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)ToowoombaAustraliaToowoomba relative to AustraliaToowoombaAustraliaToowoomba relative to Australia2014 to 2018
House--------------
First Quartile$297,893$374,663-20.5%$280,002$333,867-16.1%+$17,891
Median$367,945$569,690-35.4%$338,036$453,304-25.4%+$29,909
Third Quartile$484,095$849,406-43.0%$446,072$646,253-31.0%+$38,023
Unit--------------
First Quartile$207,136$344,647-39.9%$209,425$299,346-30.0%-$2,289
Median$242,182$485,921-50.2%$240,577$403,672-40.4%+$1,605
Third Quartile$285,378$696,893-59.1%$276,646$555,745-50.2%+$8,732

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Australia: $696,893 Median, Australia: $485,921 First Quartile, Australia: $344,647 Third Quartile, Australia: $849,406 Median, Australia: $569,690 First Quartile, Australia: $374,663 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, Australia: $141,148 Median, Australia: $82,249 First Quartile, Australia: $45,301 Third Quartile, Australia: $203,153 Median, Australia: $116,386 First Quartile, Australia: $40,796 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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