In Toowong, the median house price reached approximately $1.88M as of May 2026,
recording a solid gain of 8.4% compared to this same month last year, and a substantial
142.6% over the past decade. The median unit price maintains its premium position at
approximately $880K, showing an impressive 21.5% increase from a year ago and a
strong 70.6% rise over the last ten years. This performance reflects robust local demand,
with unit growth outpacing house growth, coinciding with dynamic market conditions.
Toowong’s median weekly house rental rate, approximately $850 as of May 2026, has
continued its upward trajectory, representing a solid 13.3% gain from this same month
last year. This remarkable performance also reflects a substantial 56% increase over the
past decade. The unit market similarly recorded robust growth, with median weekly
rents sitting at approximately $680. This level is 6.3% higher than this same month last
year and maintains its premium position with a significant 72.2% growth over the past
10 years. These strong rental rates in Toowong collectively represent growth that has
occurred alongside, and for houses, somewhat stronger than, broader Queensland
regional trends.
New listings in May 2026 recorded a strong 20% monthly gain in Toowong, reaching 30
properties. This also marks a 7% annual increase, reflecting a continued upward
trajectory compared to May 2025 and a substantial 67% rise from May 2024. This
growth occurred alongside broader market trends, reinforcing active vendor activity in
the area. The consistent year-on-year expansion in new listings for Toowong represents
stronger local market activity, outperforming certain capital city trends that have seen
supply moderating.
2 bed apartment $875,000 up 20.7% yoy (Low $810,000 High $980,000)
3 bed apartment $1,338,500 up 21.1% yoy (Low $852,500 High $1,110,000)