Toowong's median house price for July 2026 stands at approximately $1.9M. This reflects a solid 8.4% gain compared to this same month last year, alongside an impressive 140.8% increase from this same month 10 years ago. Median unit prices also continue their upward trajectory, reaching approximately $910K. This represents a substantial 24% rise from this same month last year, with a notable 77.5% growth compared to a decade ago. This strong local performance maintains its premium position, outperforming some broader market trends.
Toowong's rental market in July 2026 reflects robust performance. House median weekly rental rates, approximately $850, continued an upward trajectory, recording a solid 8.3% gain over this same month last year and a remarkable 60.4% increase from 10 years ago, representing an approximate $320 rise. Unit rentals, at an approximate median of $680 weekly, also performed strongly, seeing a 4.6% annual growth and an impressive 70% growth over the decade, equating to an approximate $280 increase.
This sustained growth in both segments maintains its premium position, outperforming broader capital city trends.
In Toowong, QLD, sales activity over the 12 months to May 2026 highlights a distinct market structure. House sales predominantly occurred within the $1.5M to $2M range, representing a solid gain in the premium mid-tier, with strong transactions continuing up to $3M. Unit sales reflect a broader spread, recording peak volumes between $750K and $1M, with significant activity also observed from $500K up to $1.5M. This distribution represents an active and accessible unit market alongside a high-value house segment, maintaining a premium position that stands distinct from broader capital city trends which often show heightened activity in more affordable price points.
New listings in July 2026 in Toowong recorded a notable 36.7% monthly decline from June, reaching 31 properties. This figure remained stable compared to July 2025, yet it reflects an 11.4% decrease when compared to July 2024. The significant monthly fall in new listings represents limited vendor activity, coinciding with broader market trends of cooling transaction volumes and reduced listing authorities across other markets.
Average Toowong Prices August 2026 1 bed apartment $677,500 up 26.6% yoy (No August Sales)
2 bed apartment $910,000 up 23.8% yoy (2x sales prices withheld)
3 bed apartment $1,310,000 up 13.2% yoy (Only sale $1,080,000)
House $1,917,500 up 3.5% yoy