$306,000
Gilston on the Gold Coast hinterland was the worst performer in Queensland, with its medians rising only 6 per cent. The second-worst performer for houses was Torrington in Toowoomba where median house prices went up 51 per cent from $239,120 in 2002 to $360,000 in 2011. FULL LIST. According to RP Data figures, the change in median house prices in Willowbank, about 55km southwest of Brisbane, between 2002 and 2011 was 339 per cent. Other strong performers were Darra and Carole Park, where medians rose 292 per cent and 290 per cent respectively. Toowoomba City House: Median price $342,500, Annual capital growth 5.14%, Number of sales 42, Weekly median advertised rent $315. Toowoomba City Unit: Median price $255,000, Annual capital growth 15.51%, Number of sales 26, Weekly median advertised rent $265. Source: CoreLogic RP Data. Toowoomba City is in the TOP 30% in QLD when comparing median price capital growth over the last year. Toowoomba City gave property investors a good capital gain figure when compared to the rest of the state, with 7.87%. Between 1984-85 and 2002-03, the average floor area of new houses rose by 40 per cent (from 162m 2 to 227m) and the average floor area of other new dwellings rose by 35 per cent (from 99m 2 to 134m 2). Figure 1 shows four indices of real median house and unit prices in Australian capital cities. However, we have not been well served with information about house prices (Reserve Bank, 2004). Nor do we know with any exactitude why house prices change up and down as they do. In a recent paper, Abelson and Chung (2004) provide a detailed account of nominal and real house prices in Australia from 1970 to 2003. Property investors looking for a bargain in Toowoomba City should be aiming for at least -6.32% off the asking price, which is the average vendor discount being achieved at the moment. On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year. Toowoomba City is in the TOP 30% in QLD when comparing median price capital growth over the last year. Toowoomba City gave property investors a good capital gain figure when compared to the rest of the state, with 7.87%. $455,000. The second-worst performer for houses was Torrington in Toowoomba where median house prices went up 51 per cent from $239,120 in 2002 to $360,000 in 2011. In the Brisbane region Gumdale was the poorest performer with its median house price rising only 54 per cent in ten years. In the unit market, towns close to the mining action once again did the best with Gladstone, Woree and Gladstone City topping the list. FULL LIST. According to RP Data figures, the change in median house prices in Willowbank, about 55km southwest of Brisbane, between 2002 and 2011 was 339 per cent. Other strong performers were Darra and Carole Park, where medians rose 292 per cent and 290 per cent respectively. Property investors should expect to get $315 weekly from the median priced house in this suburb. Giving property investors a an average capital gain of 4.25% for the last year, Toowoomba City, 4350 is the 843th highest performer in Australia in this respect. Toowoomba City is in the TOP 30% in QLD when comparing median price capital growth over the last year. Toowoomba City gave property investors a good capital gain figure when compared to the rest of the state, with 7.87%. Statistical Averages. In the 2006 Australian Census, 90,198 people considered Toowoomba the place they most likely call home. The average person was a youthful 35 years of age, and they had a less than average weekly gross income of around $429 per week. Toowoomba folk that are on their way to owning their own home, found they had an affordable weekly mortgage of around $270 with the average house price in Toowoomba being around $ 306,000. The Toowoomba Region of Queensland is home to about 90,198 people, with the major industry being health care & social assistance. Its total area is 113km² making it the 130th largest region by area in Queensland. What is median house price? The median is the middle level of what houses during a particular period are selling for. For example if the five house sales in a quarter are, $500,000, $545,000, $495,000, $1,200,000 and $850,000. FULL LIST. According to RP Data figures, the change in median house prices in Willowbank, about 55km southwest of Brisbane, between 2002 and 2011 was 339 per cent. Other strong performers were Darra and Carole Park, where medians rose 292 per cent and 290 per cent respectively. New figures show Toowoomba's median house price has increased 6.3 per cent to $272,000. The Real Estate Institute of Queensland has released its March 2009 median house prices report. It found Queensland house prices have remained mostly steady, but Toowoomba was the standout regional centre. REIQ chairman Peter McGrath says Toowoomba's affordability, combined with low interest rates, has led to positive growth for the Darling Downs.
http://www.couriermail.com.au/news/queensland/growth-in-queensland-house-prices-every-suburb-and-town-listed/story-e6freoof-1226509810617 http://www.yourinvestmentpropertymag.com.au/top-suburbs/QLD-4350-TOOWOOMBA-CITY.aspx http://www.econ.mq.edu.au/Econ_docs/research_papers2/2005_research_papers/HousePrices.pdf http://www.yourinvestmentpropertymag.com.au/top-suburbs/QLD-4350-TOOWOOMBA-CITY.aspx http://www.couriermail.com.au/news/queensland/growth-in-queensland-house-prices-every-suburb-and-town-listed/story-e6freoof-1226509810617 http://www.yourinvestmentpropertymag.com.au/top-suburbs/QLD-4350-TOOWOOMBA-CITY.aspx http://www.oktravel.com.au/au/qld/toowoomba/stats/ http://www.couriermail.com.au/news/queensland/growth-in-queensland-house-prices-every-suburb-and-town-listed/story-e6freoof-1226509810617 http://www.abc.net.au/news/2009-06-08/toowoomba-house-prices-surge/1706548
average house price toowoomba