Toowoomba’s top 5 spots for property investment
Country towns and market gardens turn into opportunities for prospective buyers. Here's our pick of the best investment areas around Toowoomba.
WITH a vast array of residential options, Kleinton continues to be a popular suburb of Toowoomba. Streets such as Bennett are proof of why this area continues to maintain a high standard of sales, with homesales.com.au reporting that house prices have grown by 1.29% in the past three years and the average house can be rented for $430 per week. Homes in this area are simply stunning in their modern design.
IT WAS once small farms and market gardens, but Middle Ridge has developed into beautiful one-acre blocks lining the Range. "It is an outer residential and quality suburb that is a mix of modern homes on smaller blocks and older established homes on acreage," Ray White Toowoomba principal Tony Franke said. "Historical Gabbinbar Homestead located in the area is a gracious Heritage-listed home with expansive grounds. The area itself has a multitude of walkways, parks and recreational facilities. "Substantial sales have been made in this area including a top asking price of $1,950,000, and an average rental can be as high as $425 a week."
THE maintenance of its village atmosphere despite a growth in population helps make Highfields such a popular address for Toowoomba residents. Featuring both acreage and town-sized blocks, this is the ideal place to discover a property with gorgeous views of the Downs or the Range. A balance of peaceful living with a wealth of facilities is achieved here, especially considering the local cultural centre and the Davidson Arboretum and
Brindabella Country Gardens. With REIQ research reporting rents at an average of $425 per week, this suburb is definitely worth a look.
RISING above its dark penal history, Westbrook has now become one of Toowoomba's most popular suburbs. With REIQ research reporting rents as high as $395 a week, this is an area investors should take a second look at. Located on the Toowoomba-Pittsworth road, south-west of the CBD, Westbrook has grown from a rural town into an integral part of the city's progressive growth with wealth of land options.
THERE are many delightful and lush pockets of land waiting to be discovered in Meringandan West. With much of its recreation based around Cooby Dam, picnic grounds, bush walking tracks and great fishing are on offer. In rolling hills a short drive north-west of Toowoomba, this growing rural community offers larger blocks at reasonable prices. Old and new houses are available. Weekly rent is about $373.