ACRES is actively tracking 2 properties in Toowong, including 2 identified development sites. Buyer demand is currently moderate — we're holding 1 active buyer enquiry and 0 recorded offers across our network here. We've flagged 1 potential site-amalgamation opportunity in Toowong — notably along Sherwood Road — where adjoining holdings could be combined into a larger development parcel. The median tracked land holding is around 8,130 m².
Key market indicators and historical price trends for Toowong
Annual Growth (Houses)
+16.6%
Annual Growth (Units)
+12.6%
Rental Yield (Houses)
3.1%
Rental Yield (Units)
4.8%
Avg. Days on Market
19
Vacancy Rate
0.8%
5-Year House Growth
+93%
5-Year Unit Growth
+82%
Market Demand
Very High
5-Year Median Price Trend
Houses
Units
Sources: CoreLogic, PropTrack, realestate.com.au. Prices reflect rolling 12-month median. Past performance is not indicative of future results.
About Toowong
Toowong is a well-established western suburbs hub anchored by Toowong Village shopping centre and the Toowong train station. Its proximity to the University of Queensland, strong transport connections, and large blocks make it an attractive development precinct. The suburb offers a mix of character homes on the hillsides with commanding views and medium-density development along the Coronation Drive corridor.
Development Potential
High. Toowong is a designated Major Centre under the Brisbane City Plan, supporting significant mixed-use and high-density development around the train station and shopping centre. Large blocks on the hillsides offer townhouse and small apartment development potential.
Key Zoning: Centre Zone, High Density Residential, Low-Medium Density Residential
Growth Drivers
Major Centre designation supporting density
University of Queensland student and staff demand
Train station transit-oriented development
Large blocks with subdivision potential
Western corridor growth
Thinking of Selling?
ACRES provides complimentary property assessments for Toowong owners. Discover your property's true development site value.
Properties in Toowong with development potential are selling for 30–100% above standard residential value. Find out if yours qualifies — no cost, no obligation.
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36 property owners in Toowong requested assessments this month
Median price data sourced from realestate.com.au (April 2025 – March 2026). Figures are indicative and based on recorded sales. Consult a licensed valuer for property-specific advice.