The month in review: Toowoomba

By Herron Todd White
April, 2010

Given Toowoomba’s regional locality, coastal destinations are approximately two-and-a-half hours’ drive away. Alternatively to coastal holiday destinations are the rainforest hills of the Bunya Mountains and Ravensbourne, a region which is locally known as ‘Sketches’. These localities offer short term and overnight accommodation with panoramic rangeside views.

This type of property is primarily bought by investors with an aim to get higher rental returns and/or restful weekend holiday retreats. The most popular of these are the mountain cabin and chalet style timber constructed dwellings with elevated panoramic rangeside or
countryside views.

These localities cater principally to weekender families or couples looking for a romantic getaways. This is a picturesque, peaceful and relaxing environment offering a range of activities and attractions, such as National Park walking tracks, coffee shop, art gallery, convention centre and basic shopping facilities.

The Bunya Mountains are located approximately 120km north-west of Toowoomba and ‘Sketches’ is about 50 minutes north-east of Toowoomba. The Stanthorpe region, located 150km to the south, is also a popular destination.

Annual growth is limited and heavily influenced by nonlocal investors. Vacancy rates can vary markedly with returns heavily reliant on weekend stays as a result.

Sales from 2009 to date include four dwellings in the Bunya Mountains and one dwelling in ‘Sketches’, with most property often experiencing extended selling periods.

Whilst sales volumes maybe low, these areas are popular holiday destinations for many locals offering alternate holiday activities, and these are often booked out well in advance.

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © 2009 Smartline Home Loans P/L. ABN 38 085 370 270