The month in review: Toowoomba
By Herron Todd White
May, 2010
Two suburbs at different ends of the affordability
spectrum in Toowoomba would be East Toowoomba and
Harlaxton.
The sought-after Toowoomba residential suburb of East
Toowoomba adjoins the CBD to the east and incorporates
Queens Park. The suburb is considered to be one of the
upmarket suburbs in Toowoomba, which is identifiable
by its tree-lined streets.
Housing comprises generally older ‘Workers Cottage’, ‘Colonial’ and ‘Queenslander’ style properties, with many
of the homes in the process of being renovated.
Property values generally range from $300,000 through
to $650,000 with some wellpresented properties up to a
value of $1.5 million-plus.
Examples include;
Arthur Street; Sold: $1.12M - A detached, circa 1920,
extensively renovated large, low set, timber, four bedroom,
three bathroom dwelling. Ancillary improvements include
in ground pool and storage shed. Land area 2428sqm.
Lindsay Street; Sold: $278,000 - A detached, circa 1925,
renovated medium sized, low set, timber, three bedroom,
one bathroom dwelling, with one car attached carport.
Land Area 450sqm.
There are numerous facilities situated within the suburb
including primary schools, private schools, St Vincent
Private Hospital and The Range Neighbourhood Shopping
Centre.
Buyer profiles are across the spectrum and range from
family to professional.
Generally capital growth is around 6% per annum within
a range during the past five years of zero to 18%. More
recently growth this year shows a more confident 6.4%.
Historically, better investment property has included the
first homebuyer, renovator segment and property located
within close proximity to the private schools.
Harlaxton is a suburb on the northern fringe of
Toowoomba that provides mainly low cost housing and
includes an estate of former housing commission homes.
It was named after the heritage-listed Harlaxton House
(c1870) in Munro Street, the summer residence of one of
the Queensland Governors.
The area includes a reasonably extensive amount of
industrial development and the railway marshalling yards
for freight wagons.
Property values generally range from $175,000 through
to $325,000 with some wellpresented properties priced
at $400,000-plus.
Examples include;
Mabel Street; Sold: $305,500 - A detached, circa 1920,
renovated mid set, timber, three bedroom, one bathroom
dwelling, with one car detached carport. Ancillary
improvements include a workshop. Land Area 1012sqm.
Kelly Street; Sold: $203,000 - A detached, circa 1945, low
set, fibrous cement sheeting, timber, three bedroom,
one bathroom dwelling, with one car attached carport.
Land Area 562sqm.
The Catholic secondary college of Downlands is located
here. Neighbourhood shopping is available at Northlands
Shopping Centre in the adjacent suburb of Mount Lofty.
Buyer profiles are across the spectrum from family to
investor.
Generally capital growth is around 6% per annum within
a range during the past five years of -10% to 17%.
Subsequent cautions in the suburb include its proximity
to New England Highway, industrial works and proposed
range crossing.
Historically, better investment property has included the
first homebuyer segment.
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