Toowoomba market report
A thriving regional hub with strong rental demand and growing infrastructure.
Back to Property Research
- Median house rent
- $630/wk
- Median unit rent
- $450/wk
- Vacancy rate
- 1.2%
- Typical gross yield
- 4.5–5.5%
Indicative figures from CoreLogic, Domain, SQM Research and the Queensland RTA, as at mid-2026.
The Toowoomba property market continues to strengthen as one of Queensland's most important regional housing markets. Strong population growth, significant infrastructure investment, and a structural shortage of housing supply are driving both property values and rental demand across the region.
As the economic hub of the Darling Downs and the fourth largest city in Queensland, Toowoomba plays a critical role in supporting regional employment, education, healthcare and agricultural industries.
For investors and property owners, the region currently offers a combination of relative affordability, population growth and strong infrastructure investment, making it one of the most closely watched regional markets in Queensland.
Key Market Indicators
Current market data shows strong growth across both housing and land markets.
$815,000
Median House Price
+21.6% annually
$390,000
Median Land Price
+18.6% annually
$1,150,000
Greater Brisbane Median
+16.2% annually
Despite strong price growth, Toowoomba remains significantly more affordable than Brisbane. Over the past decade, house prices have averaged approximately 33% lower than Brisbane, continuing to attract investors and buyers seeking affordability.
Rental Market Conditions
Rental demand across Toowoomba remains strong, supported by population growth and limited housing supply.
$630/wk
Median House Rent
1.2%
Vacancy Rate
A vacancy rate at this level indicates that rental properties are being absorbed quickly by the market, creating a favourable environment for property investors seeking stable tenancy demand. Strong population growth is expected to continue placing upward pressure on rental prices over the medium term.
Population Growth & Housing Demand
Population growth across the Toowoomba region is currently exceeding official forecasts.
Forecast Growth (2021–2026)
1,395 residents/yr
Actual Growth (2021–2024)
3,041 residents/yr
118% higher growth than forecast
The region is expected to require more than 4,000 additional dwellings by 2031 to meet housing demand.
Housing Supply & Development Pipeline
Dwelling approvals have increased in response to demand, however supply remains limited relative to population growth.
1,190
Approvals (2025 YTD)
new dwellings
937
Long-term Average
dwellings per year
This structural imbalance between supply and demand is a key driver supporting long-term housing price growth.
Housing Market Structure
The Toowoomba housing market remains dominated by traditional detached homes, aligning with the region's family-oriented demographic profile.
The limited presence of high-density housing means the region continues to attract families seeking larger homes and outdoor space.
Demographic Profile
Toowoomba's demographic structure contributes to stable housing demand.
37 yrs
Median Resident Age
Slightly younger than QLD average
Household Composition
$78,104/yr
Median Household Income
$1,502 per week
Housing Tenure
Economic Growth & Development
Toowoomba is one of Australia's largest inland cities and serves as the economic centre of the Darling Downs region.
Agriculture
Food Manufacturing
Education
Healthcare
Construction
Energy & Renewables
Professional Services
Transport & Logistics
~$21 Billion Development Pipeline
$3.2B
Completed
$2.6B
Approved
$3.6B
Underway
$11.3B
Proposed
Infrastructure Investment
Major infrastructure projects are strengthening Toowoomba's economic position and connectivity.
Inland Rail Project
A major national freight corridor linking Melbourne to Brisbane via Toowoomba. Expected to significantly reduce freight costs and improve supply chain access.
Toowoomba Hospital Redevelopment
A new $1.3 billion hospital project adding 118 beds and expanding healthcare capacity across the region.
Charlton Sport Precinct
A new regional sporting hub featuring athletics facilities, sports fields and supporting infrastructure.
Renewable Energy Development
Toowoomba is emerging as a major centre for renewable energy infrastructure, currently hosting approximately 40% of Queensland's renewable energy transition.
Macintyre Wind Farm
180 turbines generating power for approximately 700,000 homes.
Herries Range Wind Farm
Proposed wind farm with 180 turbines.
Bulli Creek Solar Farm
A 2GW solar and battery project covering approximately 13,000 hectares.
Land Market Conditions
Land values across the Toowoomba region have increased significantly in recent years.
$390,000
Median Land Price
+35% annually
602 m²
Median Lot Size
$614
Price per m²
~39 lots
Available Stock
Tight supply
Market Tailwinds
- Strong interstate migration into Queensland
- High population growth in regional centres
- Low rental vacancy rates
- Strong loan activity from owner-occupiers
- Large infrastructure investment pipeline
Market Risks
- Rising construction costs
- Trade shortages in the building industry
- Housing affordability pressures due to price growth outpacing wage growth
Lifestyle & Liveability
Toowoomba is often referred to as The Garden City due to its tree-lined streets and extensive public parklands.
159 Public Parks
Carnival of Flowers
Strong Café Culture
Family-Friendly Communities
Education & Healthcare
Education
- University of Southern Queensland — ~21,000 students, 1,800 staff
- TAFE Queensland South West
- University of Queensland campus
- Griffith University campus
Healthcare
- Toowoomba Base Hospital
- Baillie Henderson Specialist Hospital
- St Andrew's Hospital
- St Vincent's Hospital
Why Investors Are Watching Toowoomba
Strong Population Growth
Relative Affordability vs Brisbane
Major Infrastructure Investment
Low Vacancy Rates
Balanced Housing Tenure
Strong Regional Economy
These factors have positioned Toowoomba as one of Queensland's most closely watched regional property markets.
Suburb Yield Analysis — Toowoomba
Click any column header to sort. Gross yield = (weekly rent × 52) ÷ median price.
| Wilsontonhouse | $520k | $500 | 5.0% | 0.7% | +23.2% |
| Harristownhouse | $560k | $520 | 4.8% | 0.8% | +24.6% |
| Glenvalehouse | $610k | $550 | 4.7% | 1.0% | +19.5% |
| Kearneys Springhouse | $640k | $560 | 4.5% | 0.9% | +21.0% |
| Darling Heightshouse | $680k | $580 | 4.4% | 1.1% | +22.4% |
| Newtownhouse | $750k | $600 | 4.2% | 0.9% | +20.1% |
| Highfieldshouse | $780k | $620 | 4.1% | 1.4% | +16.2% |
| East Toowoombahouse | $890k | $630 | 3.7% | 1.0% | +18.5% |
| Rangevillehouse | $920k | $650 | 3.7% | 1.3% | +17.8% |
Yields are indicative based on current median prices and rents. Actual returns may vary.
Vacancy Rate Heat Map — Toowoomba
Suburbs sorted by vacancy rate — lower vacancy means stronger tenant demand and less competition for landlords.
Wilsonton
0.7%
$500/wk
Harristown
0.8%
$520/wk
Newtown
0.9%
$600/wk
Kearneys Spring
0.9%
$560/wk
East Toowoomba
1.0%
$630/wk
Glenvale
1.0%
$550/wk
Darling Heights
1.1%
$580/wk
Middle Ridge
1.1%
$610/wk
Centenary Heights
1.2%
$590/wk
Rangeville
1.3%
$650/wk
Highfields
1.4%
$620/wk
Mount Lofty
1.5%
$680/wk
A vacancy rate below 2% is generally considered a landlord's market. Below 1% indicates critical rental shortage.
Data Sources
RPM Research and Data · Australian Bureau of Statistics · Pricefinder · REIA · ABS Lending Indicators
Get a free rental appraisal in Toowoomba
Want to know what your Toowoomba property could rent for?
Get a Free Rental Appraisal