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.