Get a property report and suburb profile for any property in Toowong

Toowong is a riverfront suburb in Brisbane's inner west with a mix of high-rise apartments along Coronation Drive and quieter streets of timber Queenslanders and older villas. Its compact centre around Toowong Village and café-lined streets makes everyday shopping and dining easy, while the Regatta Hotel and the historic Toowong Cemetery add local character. Outdoor life is shaped by riverside promenades and nearby Mount Coot-tha bushland and lookouts. Public transport is straightforward, with regular trains at Toowong station and frequent buses linking to the city and St Lucia.

The suburb is home to 12,556 people, has a median age of 30 and a median household income of $1,927 a week. It attracts a broad mix from university students to established professionals and downsizers, and more dwellings are rented than owner-occupied. A council-led protected two-way bikeway is being planned through parts of Toowong, and planning is also under way for upgrades along the Centenary Motorway corridor. Whether Toowong suits you will come down to whether you value riverside access, good transport links and a compact local centre.

On the figures, housing in Toowong 4066 sits well above what a typical local household earned at the most recent Census. The median house price of $1,680,000 is about 16.8 times a typical local annual household income at the last Census (weekly household income $1,927 × 52 = $100,204), and the median unit price of $921,000 is about 9.2 times that same annual income. Renting also takes a large or sizeable share of local income: $820 a week for a house is roughly 42.6% of a typical local weekly household income at the last Census, while $718 a week for a unit is about 37.3%. Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest takeaway over the past year is that both house and unit values in Toowong climbed strongly: unit values rose 24.3% and house values rose 16.9%. Rents increased too, with unit rents up 10.5% and house rents up 9.3%.

Put simply, capital growth outpaced rental growth for both property types this year, and units showed the largest rises on both value and rent. If rental income is your priority, the rent figures are the ones to watch; if capital growth matters more, look to the value figures. Whether this recent pattern makes Toowong the right choice for you depends on your own goals and financial situation.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.