As of September 2026, Toowong's median house price is approximately $1.90M, having continued its upward trajectory with a solid gain of 8% from this same month last year, and an impressive 140.8% over the past decade. The unit market also recorded significant growth, with median prices reaching approximately $890K, reflecting a substantial 17.9% increase annually and an almost doubling of value at 98.7% from this same month 10 years ago. This strong performance represents sustained local market strength, outpacing many broader capital city trends.
In Toowong, the median weekly rental rate for houses, as of September 2026, was approximately $870, reflecting a solid 8.8% increase from this same month last year and a substantial 64.2% growth over the past decade. Units recorded their own impressive upward trajectory, reaching an approximate median of $700 per week. This represents a 7.7% gain annually and a remarkable 77.2% rise over 10 years, a stronger growth performance than many capital city trends. This robust rental performance has occurred
alongside sustained demand within the market.
Toowong's property market, as of July 2026, showcases distinct sales distributions for houses and units. The housing segment demonstrates its premium position, with the majority of transactions occurring above $1M and a notable concentration of 39 sales in the $1.5M - $2M range, reflecting a robust luxury tier. The unit market, conversely, exhibits a broader spread, recording substantial activity from $500K up to $1.5M, including 159 sales within the $750K - $1M bracket, representing a strong mid-tier
offering. Furthermore, unit sales maintain solid momentum across the $2M - $5M+ price points, coinciding with elevated demand for high-end apartments.
New listings in September 2026 recorded a modest 4.2% monthly decline in Toowong, reaching 23 properties. This represents a sharp 32.4% decrease compared to September 2025, and a significant 43.9% reduction from September 2024. This marks a steeper annual decline compared to broader market trends, reflecting persistent supply constraints and reinforcing limited vendor activity. The low volume of new properties coming to market has maintained a constrained flow, diverging from typical seasonal upticks.
Source: Ray White, REA