September 13th, 2018
Photo: Bev Lacey
POTENTIAL BUYERS: Aimee and Kevin Collins have recently moved to Toowoomba and are interested inbuyting a home in the boom suburb of Newtown like this house in Bothwell St.
NEWLY released Real Estate Institute of Queensland market monitor figures showed Toowoomba had performed steadily over the past 12 months, with the suburb of Newtown considered a standout.
During the June quarter Newtown’s median house price had risen by 4% to $322,500, according to the REIQ.
Newtown recorded the highest number of house sales during the quarter with 29, although Rangeville had the highest number of sales for the year at 161.
The trend didn’t surprise Success Realty principal Angela Harms who said Newtown was generally a “boom suburb”.
“It’s one of Toowoomba’s biggest suburbs and has seven schools and is close to the CBD,” she said.
“We’ve had some record prices in Newtown lately including a four bedroom, two bathroom, two car garage house that went for $675,000.
“Another four bedroom, two bathroom Queenslander in Taylor St went for $525,000.”
Ms Harms held an open day at Bothwell St in Newtown at the weekend which attracted a steady steam of potential buyers including Aimee and Kevin Collins. Mr and Mrs Collins recently moved from Warwick to Toowoomba where Mr Collins has started a new job.
“We’re looking for something that’s not too far from where I now work in Taylor St,” Mr Collins said.
“And, this is probably around our price range.”
The three bedroom, two bathroom home is listed at
REIQ CEO Antonia Mercorella said the regional economic fundamentals for Toowoomba were solid with unemployment below the state average and new business investment attracted to the region.
“The outlook for the sales market remains steady for the remainder of 2018,” she said.
“However, the unit market may still face challenges due to the increase in unit developments.”
Source: The Chronicle, 10 Sep 2018, PETER HARDWICK
Comments Off on Newtown is ‘Boomtown’ says REIQ August 30th, 2018
Toowoomba Property Investment News – the rental market is exploding!
|Queensland’s biggest inland city has a population of almost 160,000, this is projected to grow by 43% by 2031 to over 300,000 people. $180 Billion is currently being invested in the Toowoomba Region creating 10,000 new jobs!!|
At a local level, we are experiencing this growth through rental demand. The official Toowoomba vacancy rate is just 1.8% for July 2018 (Source: SQM Property Research) and we have a minimum of 6 enquiries per property within 48 hours of advertising new rental listings.
Now is the time to invest in Toowoomba. This population growth is placing upward pressure on the supply of dwellings and will increase capital values and rental yields in the short term.
Toowoomba Property Investment Options
Comments Off on Toowoomba Property Investment News May 8th, 2018
6 ways to maximise your investment property
1. Get a Depreciation Schedule done
If you have purchased a new unit or home as an investment, ensure that you claim the maximum depreciation deductions each financial year. Contact us if you would like us to book in an Inspection with local branch of Taylor Byrne or phone them directly on (07) 4638 3988.
2. Have an Annual Pest Spray Done
Ensure the only tenants you have are humans with an annual pest spray – this is an immediate tax-deductible expense.
3. Submit your Water Rates
If you haven’t already done so, please send your Water Rates to us so we can charge your tenants water consumption or excess water.
4. Maintain Necessary appliances and amenities
Quality tenants are looking for a home that is ready to move in. Unfortunately, a number of homes lack amenities such as air conditioning/heating, dishwasher, or a gas cook stove. By ensuring that you have all these amenities in working order and are current, a premium rental price can be justified.
5. Complete Preventative Maintenance
Go through your last Routine Inspection Report, or speak to Kimberley on 0417 424 832 to see if there are any preventative maintenance items that can be done in the next 6 weeks, to ensure your property remains ship-shape.
6. Buy another investment property!
The best time to add to your investment portfolio is NOW! Speak to David and Angela about the best investment properties in Toowoomba.
Comments Off on 6 ways to maximise your investment property before the EofFY January 17th, 2018
We are anticipating this will be agood solid year for buying and selling property in Toowoomba. The key reason is the market ‘took a breath’ in 2017, and history shows, there tends to be an uplift after a slow period, when the market corrects itself.
Other key factors that will have a positive effect are:
• There are no elections
• There is no talk of interest rates rises until possibly the end of the year
• The local mining industry is starting to advertise for jobs
• The agriculture industry are big employers, and the companies that service this sector are extremely positive
• The Second Range Crossing will continue well into the second half of next year.
• The First Home Buyer Grant has been extended until June.
So there aren’t any major macro or micro economic factors that is likely to cause too much negativity locally.
The latest quarterly REIQ report found that Toowoomba had Queensland’s best-performing unit market, with the median sales price growing by two per cent.
“Toowoomba is a steady market for both houses and units with a solid pipeline of projects in the region,” the report said.
Vacancy rates for rental properties also increased during the past six months, but the report found it within a “healthy range”.
Despite the outlook, Toowoomba was still considered a “strong regional performer” and compared favourably with Mackay, Gladstone and Rockhampton.
“In a climate where regional residential markets have been challenged, this is a noteworthy result,” the REIQ said.
Comments Off on Toowoomba Property Forecast 2018 December 15th, 2017
This stylish two-bedroom unit is conveniently located in walking distance to Northpoint Shopping Centre and a short drive to the CBD in a quiet street.
As soon as you enter this unit, you can instantly tell this unit has been designed with ease of living and a high end feel in mind. You will notice high quality finishes on everything from the kitchen appliances to the light fittings. If you are interested in a home built to a higher standard than most, please don’t miss the inspection!
Just some of the endless list of features of this amazing property include:
– Stainless steel dishwasher and oven
– Good sized open plan living and dining
– Reverse cycle air conditioning
– Ceiling fans
– 2 double sixed bedrooms both with built ins
– 5 minutes to the CBD
– Remote lock up garage with Internal Access
Comments Off on 1/4 Waverley Street, November 2nd, 2017
As you would expect with the calibre of this home, it has everything you want and more. Large living areas and outdoor entertainment area with stunning South/East rural views. The 20m x 12m 3-bay shed is 5m high to fit the caravan or heavy vehicle.
You will love the stylish New Guinea Rosewood kitchen with ample storage, bench space and stainless steel appliances, which flows effortlessly to the alfresco space. there are many smart conveniences that make this a feature rich executive residence, including a ducted vacuum system.
This beautiful home gives you a country lifestyle with city convenience just 10 minutes away. A perfect retreat for your family.
Comments Off on Beautiful Home – 1 Acre – 20m x 12m x 5m Shed February 8th, 2017
Toowoomba On Track for Growth
Savvy property investors are always on the lookout for future hot spots and know that the best time to invest in an area is soon after major projects have been approved or have commenced. August 2016 showed us a glimpse of the incredible activity of the Second Range Crossing will generate in regards to high demands of rental properties. The full effects haven’t been felt yet, and experts are tipping that when major construction projects get underway in Toowoomba, the peak property phase is expected from mid-2017.
The key indicators of a hot spot are new infrastructure, redevelopment of retail centres and more lifestyle amenities. You don’t have to look far to see Toowoomba’s emerging skyline with the $1.6 billion Second Range Crossing, the development of the 550 hectare Wellcamp Airport Business Park; the $500 million redevelopment of Grand Central shopping centre and the transformation of the railway precinct into an urban village and parklands…just to name a few.
Sales activity picked up in the last week of December 2016, and we are confident that volumes will continue to rise from January to June and stay steady for at least 18 months. Prices will increase steadily however, days on market will come back down as we see more buyers re-enter the market.
See our Latest Toowoomba Property Listings
Comments Off on Toowoomba On Track for Growth May 20th, 2016
This spectacular home is the property families have been looking for. With its original features and modern renovation, this home is completely transformed to reveal something truly special.
The home has been authentically restored and renovated to the highest standard. Some of the extra features you will enjoy with this property include a large rumpus room, spacious deck with a hexagonal rotunda, perfect to host the largest of gatherings, yet also offering a quiet space for you to relax and enjoy the peaceful surrounds.
There is formal dining area, beautiful new kitchen, reverse cycle air-conditioning, accommodation for 5 cars and electric front gates for convenience. There are many more features to enjoy with this property…an inspection is a must.
Conveniently located within walking distance to St Ursula’s, St Mary’s and a pleasant 10 minute walk to the CBD, this home is perfect for the modern busy family.
Comments Off on 204 Campbell Street, Newtown QLD 4350 May 20th, 2016
Priced for an immediate sale, featuring 3 good sized bedrooms, lounge with reverse cycle air-conditioner, tiled kitchen and dining, gas stove and recently painted, this property is the perfect opportunity for investors looking to develop units.
There is an undercover outdoor living area and a large double lock-up shed, plus rainwater tank for outside use. Fantastic views of Toowoomba from the front verandah.
You can build a set of 4 x 2 bedroom units with Council Approval. The land is 1,029m² zoned mixed housing and slopes to the kerb & channel making it ideal for drainage.
Currently rented for $315/week.
Comments Off on 13 Stradbroke Street, Rockville QLD 4350 May 6th, 2016
This home on 1 acre, is located in sought-after Torrington, surrounded by well-established landscaping lovely views and full privacy.
As you would expect with the calibre of this home, it has everything you want and more. Two large living areas, wrap around veranda and rear deck with a North/East aspect with perfect views. The master has an ensuite and WIR, PLUS an additional built-in wardrobe, and there are many more smart modern conveniences that make this a feature rich executive residence.
This beautiful home gives you a country lifestyle with city convenience with Clifford Gardens Shopping Centre, The Glennie, St Marys and St Ursulas just 10 minutes away. A perfect retreat for your family, with so much space for the kids to run around and enjoy the freedom.
Comments Off on 6 Mayfair Court, Torrington QLD 4350