Toowong keeps coming up for a reason. Sitting 4km west of the Brisbane CBD, Toowong QLD draws a steady mix of home buyers, commercial property buyers, and investors who want inner-ring access without paying inner-city prices. What I’ve put together here is the current data, the honest property picture, and the suburb detail that helps you decide whether Toowong fits where you’re headed.
Key Takeaways
- Location: 4km west of Brisbane CBD; borders Auchenflower, Taringa, and Mount Coot-tha.
- Median House Price: $1,867,500 with 8.58% annual growth; Median Unit Price: $865,000 with 24.15% annual growth (April 2026).
- Days on Market: Houses average 23 days; units sell in approximately 14 days (April 2026).
- Rental Snapshot: Houses $798 per week; units $690 per week; vacancy rate 1.41%.
- Demographics: Population 12,556 (2021 Census); 43% professionals; median weekly household income $2,149.
- Transport: Toowong train station, Coronation Drive bus routes, CityCat access at Toowong ferry terminal.
- Schools: Brisbane Boys’ College, Toowong State School, St Ignatius School, Stuartholme School, Queensland Academy for Science Mathematics and Technology.
- Investment Snapshot: Units yielding 4.15%; houses at 2.22%; low vacancy; SOM% at 0.68%.
Geography and Local Character
Toowong takes up about 4.07 square kilometres in Brisbane’s inner west, sitting alongside Auchenflower to the east, Taringa to the south, and Mount Coot-tha to the north and west. The terrain is mixed. You’ve got elevated pockets that carry views and a genuine residential feel, alongside the flat Coronation Drive corridor where most of the apartment development has gone in.
Toowong Village anchors the suburb commercially, covering most day-to-day retail and dining needs without needing to go near the CBD. The University of Queensland’s St Lucia campus is a short trip away, which has historically kept rental demand ticking along from students and university staff.
Worth noting: the crime score of 10 out of 100 (lower means less crime) puts Toowong well toward the safer end of the scale for a suburb of this size and population density.
Transport
Getting around from Toowong is genuinely straightforward. The train station puts you at Brisbane Central in roughly 10 minutes. Coronation Drive runs you directly into the CBD by bus, and the Toowong CityCat ferry terminal gives you another option if you’d rather take the river.
The Bicentennial Bikeway also starts here, running along the Brisbane River all the way into the CBD. It’s a popular commute route for cyclists and a good walk if you want to skip the traffic entirely.
For timetables and route planning, visit translink.com.au.
Education
Child Care Centres
There are 5 child care and early learning centres within Toowong QLD 4066:
| Operator | Address |
| Brisbane Boys’ College OSHC | 59 Kensington Tce, Toowong |
| Jahjumbeen Kindergarten and Child Care Centre | 5 Grove St, Toowong |
| St Ignatius Outside School Hours Care | 46 Grove Street, Toowong |
| Toowong Kindergarten and Child Care Centre | 78 Sherwood Road, Toowong |
| Toowong Outside School Hours Care | St Osyth Street, Toowong |
Schools
There are 5 schools within Toowong QLD 4066:
| School | Type | Sector |
| Brisbane Boys’ College | Combined | Non-Government |
| Queensland Academy for Science Mathematics and Technology | Secondary | Government |
| St Ignatius School | Primary | Non-Government |
| Stuartholme School | Combined | Non-Government |
| Toowong State School | Primary | Government |
Always verify the school catchment for a specific address before purchasing via the Queensland Government school catchment tool.
Amenities and Lifestyle
Day-to-day living in Toowong is pretty convenient. Toowong Village handles the bulk of retail and grocery needs, and the Rosalie and Paddington strips are close enough to give you proper dining options without much effort.
Mount Coot-tha Reserve backs onto the suburb’s western side. The Brisbane Botanic Gardens and a network of walking tracks are there if you want green space close to home. Toowong Memorial Park and the river foreshore add to what’s on offer locally.
Toowong Private Hospital sits on Milton Road, and Wesley Hospital is a short drive away. For anyone working in healthcare or wanting that proximity for personal reasons, the inner-west corridor covers it well.
What Type of Properties Are in Toowong?
Toowong’s housing mix is skewed heavily toward apartments, which makes sense given the development along Coronation Drive over the past decade. Here’s how the dwelling breakdown looks based on current data:
- 68% flats and apartments – concentrated along Coronation Drive and around Toowong Village, including the large high-rise towers at 600 Coronation Drive
- 29% separate houses – mostly in the elevated streets heading toward Mount Coot-tha and in quieter residential pockets off the main roads
- 3% townhouses
If you’re looking at a freestanding home, the elevated streets away from the main arterials tend to be where the more sought-after options sit. Properties near Coronation Drive or Milton Road can carry road noise, worth factoring into any shortlist.
The 57% renter, 43% owner-occupier split is worth understanding too. It’s not unusual for an inner-ring suburb sitting this close to UQ and the CBD employment corridor, and it tends to keep rental vacancy reasonably contained.
Is Toowong Brisbane a Good Suburb to Invest In?
Toowong’s Property Market Performance
Both the house and unit markets have recorded meaningful price movement over recent years. Here’s where things sit based on April 2026 data.
| Houses | Units | |
| Median Price | $1,867,500 | $865,000 |
| 3 mo. Change | -0.53% (-$10,000) | 6.79% ($55,000) |
| 12 mo. Change | 8.58% ($147,500) | 24.15% ($168,250) |
| 3-Yr Change | 28.79% ($417,500) | 63.05% ($334,500) |
| 5-Yr Change | 102.99% ($947,500) | 66.35% ($345,000) |
| 10-Yr Annual Growth (CAGR) | 8.88% | 3.84% |
| 5-Yr Annual Growth (CAGR) | 15.21% | 10.71% |
| Median Rent (per week) | $798 | $690 |
| Sales Days on Market | 23 | 14 |
| Gross Rental Yield | 2.22% | 4.15% |
Houses have more than doubled in value over five years at 102.99% growth. That’s a significant run, and it’s worth putting in the context of broader inner-ring Brisbane repricing rather than treating it as a forward-looking promise. Units have moved hard over three years at 63.05%, and the yield at 4.15% is reasonably attractive for buyers who want some cash flow alongside the growth story.
Days on Market
Days on Market is a leading indicator of buyer competition. A lower figure suggests properties are moving relatively quickly, which may point to stronger demand relative to supply. The general benchmark to watch is 90 days, once properties sit beyond that, buyers tend to start asking questions. Toowong currently sits well below this threshold for both housing types.
| Days on Market | Houses | Units |
| Current | 23 days | 14 days |
| 3 mo. Change | 4.55% (1) | -6.67% (-1) |
| 12 mo. Change | 27.78% (5) | 16.67% (2) |
| 3-Yr Change | -8.00% (-2) | 16.67% (2) |
| 5-Yr Change | -58.18% (-32) | -73.58% (-39) |
Units at 14 days is the number that stands out. That’s a fast turnaround, and it suggests buyers aren’t hanging around once they find something worth making an offer on. Houses at 23 days have also improved considerably from where they were five years ago.
Rental Market
Rental yield is the estimated gross rental return, calculated by dividing annual rent by the median price. Note that yields typically compress as prices rise. A declining yield is not necessarily a negative; it often reflects strong capital growth outpacing rental increases.
| Rental Yield | Houses | Units |
| Current | 2.22% | 4.15% |
| 3 mo. Change | 2.30% (0.05%) | -4.60% (-0.20%) |
| 12 mo. Change | -2.20% (-0.05%) | -13.18% (-0.63%) |
| 3-Yr Change | -11.55% (-0.29%) | -15.31% (-0.75%) |
| 5-Yr Change | -27.21% (-0.83%) | 1.22% (0.05%) |
Rents have moved consistently over five years – houses up 47.78% to $798 per week, units up 68.29% to $690 per week. For units specifically, a 4.15% yield is a reasonable starting point for an inner-ring Brisbane suburb, and the capital growth over the same period adds further context for anyone running the numbers. The vacancy rate of 1.41% is below the 2% level generally associated with high rental demand. With 445 people actively searching for a room to rent and only 33 rooms currently listed, the rental side of Toowong looks fairly well absorbed at the time of this report.
Key Investment Signals at a Glance
- Units averaging 14 days on market, pointing to active buyer turnover
- Unit rental yield at 4.15% – reasonable for this location and price point
- Vacancy rate at 1.41%, below the 2% level typically associated with high rental demand
- SOM% at 0.68%, well under the 2% level worth keeping an eye on
- Potential buyer demand up 255.18% over five years (April 2026 data)
- House 5-year growth of 102.99%; 5-year CAGR of 15.21%
- Sale listings down 55.32% over five years, with supply tightening across the period
What I’ve seen consistently with suburbs like Toowong is that the mix of owner-occupiers, long-term renters, and investors tends to create a more stable demand base than suburbs that rely on a single buyer type. That doesn’t make it risk-free, and past performance isn’t a guide to what comes next, but it’s a factor worth understanding when you’re comparing locations.
Demographics
Bulimba’s population reached 7,623 at the 2021 Census, up 11.4% from 6,843 five years earlier. The typical Bulimba household is a professional couple in their 40s with kids, and median weekly household income grew from $2,433 in 2016 to $2,805 in 2021. That income growth is running ahead of most comparable Brisbane suburbs and it lines up with where the property price trajectory has gone.
Professionals and managers make up the bulk of the workforce, accounting for 35% and 24% of residents respectively. Owner-occupancy at 62% is strong for a suburb this close to the CBD, and it shows up in how the streets look and how the community behaves.
Key Demographics Over Time
The 2021 Census put Toowong’s population at 12,556 across 6,203 dwellings. Median weekly household income was $1,927 at that point, and it’s since moved to $2,149 – a meaningful shift that tracks alongside the property value movement recorded over the same period.
Professionals make up 43% of the working population, with managers at 13% and clerical and administrative workers at 12%. Higher education (5.5%) and hospitals (5.1%) are the two biggest employment industries, which tells you something about who lives here, largely white-collar, with a strong healthcare and university connection.
Average household size is 2.1 people, consistent with the couples, students, and smaller family households that tend to dominate inner-ring suburbs like this one.
Key Demographics Over Time
| 2006 | 2011 | 2016 | 2021 | |
| Population | 9,875 | 11,255 | 10,830 | 12,556 |
| Median Weekly Household Income | $1,155 | $1,601 | $1,691 | $1,927* |
| % Owner Occupier | 40% | 43% | 44% | 43% |
| % Renter | 60% | 57% | 56% | 57% |
| Total Dwellings | 4,727 | 5,181 | 4,999 | 6,203 |
| Avg. People per Household | 2.2 | 2.3 | 2.3 | 2.1 |
*2021 Census figure; current median weekly household income reported at $2,149.
The owner-occupier rate has sat around 43-44% across several Census periods, which is fairly stable for a suburb with this level of apartment stock. Total dwellings grew from 4,727 in 2006 to 6,203 in 2021, mostly apartment-driven growth, which has generally been absorbed by the rental demand coming from UQ and the broader CBD employment corridor.
What Should You Check Before Buying in Toowong?
Before making an offer in Toowong, work through this checklist:
- Flood overlay check: Verify the specific address via the Brisbane City Council flood awareness map, particularly for properties near the river or low-lying corridors
- Property type alignment: Confirm whether a house or unit better suits your objective (capital growth vs. yield)
- Apartment due diligence: For units, review the body corporate sinking fund and levies carefully, particularly for the larger Coronation Drive complexes
- Road and traffic noise: Check proximity to Coronation Drive and Milton Road; inner-level apartments in high-rise towers will vary significantly in noise exposure
- Development application pipeline: With 142 DAs logged recently, check whether neighbouring properties have approvals that may affect views, privacy, or amenity
- School catchment verification: Confirm your preferred catchment via the Queensland Government school search tool before purchasing
- Building and pest inspection: Commission one for any freestanding character home, particularly those with timber construction
- Transport access: Walk to Toowong station and the ferry terminal; confirm bus route frequency at translink.com.au.
How Streamline Property Buyers Guides Brisbane Buyers in Toowong
Toowong is a suburb where getting the right outcome often comes down to which pocket you buy in, which building you choose, and what the development pipeline looks like for the street you’re considering. With units currently averaging around 14 days on market and houses not far behind, well-priced properties in Toowong QLD tend to attract attention relatively quickly.
At Streamline Property Buyers, we work exclusively for buyers across Brisbane. We look at both on-market and off-market opportunities, and commercial property options in Toowong, negotiate on your behalf, and work through the due diligence that helps protect your position. If you’re considering buying in Toowong as a home buyer or investor, our team is happy to talk through your options.
Toowong QLD 4066 | Data as at April 2026
Property data sourced from SuburbsFinder Ltd (ABN 34 687 487 921) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298), April 2026. Demographics data from the Australian Bureau of Statistics, 2021 Census. This profile is provided for general information purposes only and does not constitute financial, investment, or legal advice. Past performance is not indicative of future results. Users should conduct their own independent due diligence before making property decisions.
Connect with us today
To book a FREE discovery call ~ Click Here
Follow us on LinkedIn | YouTube | Instagram | TikTok
Tune into our podcast ~ Brisbane Property Podcast
