• Jobs
• Accommodation
• Transport
• Maps
• News
• Weather
• Photos

Toowong

Real estate profile

Location

4 km from the Brisbane CBD.

Features

Thriving commercial and retail centre, close to the CBD, new riverfront development.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $470,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $340. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $300.

Profile

Toowong is located less than four kilometres from the CBD and is less than five minutes drive from the University of Queensland at St Lucia.

Toowong has a vibrant and thriving commercial and shopping precinct, and also offers lively night life options, thanks to the ready supply of university students in the area and institutions like the extremely popular pubs, The Regatta on Coronation Drive and the Royal Exchange Hotel.

Toowong has been called the ‘North Sydney’ of Brisbane because it combines commercial and professional space with top quality residential areas, close to the Brisbane CBD. It has easy access to Brisbane’s CBD and boutique shopping areas, such as Park Road in the neighbouring suburb of Milton.

Major works have recently been completed to improve the flow of traffic along Coronation Drive, and to add to the amenity of the river by better catering for pedestrians and cyclists along the river edge.

The suburb features an ever-increasing number of units to cater for the strong demand in the area from young professionals and university students.

Some high-rise complexes have recently been completed along Coronation Drive, with a number of new high-end projects also currently underway, taking advantage of the city and river views on offer. Toowong is well serviced by public transport, via citycat, bus or rail.

According to the 2006 Census there were 9,875 people living in the suburb with a median age of 27. The median individual income was $577 per week. Of all occupied private dwellings 40.3% were either fully owned or being purchased; 49.3% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Toowong information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

Your neighbourhood at a glance. Discover the secrets of the local area... as well as what makes it special.