Beaudesert: A Growing Investment Opportunity in Queensland
03.11.2023
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Situated in the heart of Queensland, Toowoomba City has been quietly gaining recognition as a promising investment destination. This charming city combines a dynamic real estate market with a backdrop of natural beauty, making it an attractive choice for property investors. In this blog, we'll explore the key statistics and highlights that make Toowoomba City a compelling location for those looking to invest in real estate.
For those considering an investment property in Toowoomba City, the rental market offers excellent opportunities. Rental yields for houses are currently at 4.90%, with an average median rent of $450 per week. Houses in Toowoomba City have shown steady growth, with a 1.05% increase in the past quarter and an impressive 21.26% growth in the past 12 months, highlighting its potential for solid returns.
Toowoomba City encompasses an area of approximately 2.7 square kilometers, and its landscape is adorned with nine parks, covering nearly 3.8% of the total area. These green spaces provide residents with recreational opportunities and a connection to nature.
In terms of demographics, Toowoomba City experienced a slight decline in population, with numbers decreasing by 4.9% between 2011 and 2016. The predominant age group in the city is 20-29 years, suggesting a youthful and dynamic community.
Households in Toowoomba City are primarily composed of childless couples who are likely to be repaying mortgage amounts ranging from $1400 to $1799 per month. The local workforce is predominantly engaged in professional occupations, reflecting the city's diverse employment landscape.
This suburbs growth is fueled by notable infrastructure projects include Russell Street urban renewal program, South West Queensland flood recovery, Australian Rail Track Corporation (ARTC) Inland Rail project.
Toowoomba City is more than just a location; it's a thriving investment opportunity that continues to evolve. With competitive rental yields, solid growth rates, and a vibrant community, Toowoomba City presents an attractive option for both experienced investors and those looking to enter the market. A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.18% growth over a ten-year period. It ranks 1st on our list of suburbs that property investors should look into. Whether you're searching for your next property or seeking to diversify your investment portfolio, Toowoomba City offers the promise of growth and prosperity. #RealEstateInvesting #InvestmentLocation #PropertyMarket #BeachseaNewPropertySpecialist
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