Toowoomba rents are skyrocketing!
Toowoomba's Vacancy Rate is currently under 0.3% and rental yields are exploding. Make sure you are receiving top dollar for your investment. Success Realty achieves higher than average returns for our clients because of the quality of tenants that we attract and the high standard of properties that we manage. For example, Toowoomba City’s average price for a 2 bed 2 bath is $300, most of our units in Toowoomba City, South Toowoomba, Newtown and North Toowoomba we are achieving $350-$370 and we will bring them all into this range with lease renewals over the next 6 months.
An average 4bed 2bed house in Glenvale is rented at $430/week, however, all of our houses are at $500-$520. Unless more stock can be built, the rental yield will continue to grow, but not at the pace as we have seen recently. There are new duplex developments in Cranley, Glenvale and Highfields, but there isn’t the bulk building of inner-city units that we saw in 2016-2018, to absorb the rental demand.
Generally, over the last 12 months, rents have increased by at least 10% and we continue to achieve higher rental yields than the average. We will provide you with a detailed report of your property and an assessment of its current rental value. Simple complete the following form and one of our experienced staff will be in touch.
