Suburb Profile
Are you looking to purchase a home or investment property in Toowong? As an experienced buyers agent in Toowong, Your Property Hound helps home buyers and investors identify quality properties, assess value and negotiate with confidence. We’ve compiled the following Toowong suburb profile to assist with your property search. Best wishes with your Toowong property purchase!
Toowong is an established riverside suburb approximately 5.9km south-west of the Brisbane CBD. Positioned between Mount Coot-tha and the Brisbane River, it combines a major commercial and transport hub around Toowong Village with quieter residential streets extending west towards the foothills of Mount Coot-tha.
The Village of Toowong was named in 1862, with development accelerating after the Ipswich railway line reached the area in 1875. Today, Toowong includes a mix of detached character homes, apartments, townhouses, shops, offices, schools and major transport infrastructure.
Neighbouring suburbs include Auchenflower, Bardon, Mount Coot-tha, Taringa and St Lucia, with West End located across the Brisbane River.
Toowong had a population of 12,556 in 2021, up from 10,830 in 2016, representing growth of 15.9%. The largest age group is 20–29 years, accounting for 29.4% of residents. This reflects the suburb’s proximity to the University of Queensland and its appeal to students and younger professionals.
Couples without children are the largest household group at 49.9%, while couples with children account for 33.8%. Owner occupation is relatively low at 43.3%, consistent with Toowong’s large apartment market and substantial rental population.
Professional occupations are well represented, and the suburb has a highly educated population. Around 43.8% of residents hold a bachelor degree, with a further 20.5% holding a postgraduate qualification.
Toowong Village is the suburb’s main retail and commercial centre, with supermarkets, specialty stores, professional services and offices concentrated around High Street and Sherwood Road. The surrounding streets also offer a range of cafes, restaurants and everyday services.
The historic Regatta Hotel on Coronation Drive and the Royal Exchange Hotel on High Street are longstanding local landmarks. Toowong also has convenient access to the dining, retail and entertainment precincts of Indooroopilly, Paddington, Milton and the Brisbane CBD.
Transport is one of Toowong’s major strengths. Toowong railway station, located beneath Toowong Village, is served by the Ipswich and Springfield railway lines. Numerous bus routes also pass through the suburb, providing connections to the western suburbs, Brisbane CBD, University of Queensland and Indooroopilly.
The Regatta CityCat terminal provides river transport towards the CBD and University of Queensland. Major road connections include Coronation Drive, Milton Road, Moggill Road and the Western Freeway, while the Bicentennial Bikeway provides cyclists and pedestrians with a direct riverside route towards the city.
Toowong has a strong range of government and private schools. Toowong State School and St Ignatius School provide primary education within the suburb. Brisbane Boys’ College is a private Prep–12 boys’ school, while Stuartholme School is a Catholic secondary school for girls.
The Queensland Academy for Science Mathematics and Technology is also located in Toowong. It is an academically selective government secondary school with a partnership with the University of Queensland.
School catchments and enrolment requirements should always be confirmed for the individual property before purchase.
Toowong is a very leafy suburb. Anzac Park in the western part of the suburb is popular, especially on weekends.
Walkers and cyclists enjoy the tranquil shared path that winds along the river to the city and beyond.
Toowong is both a residential suburb and an important local commercial centre. Toowong Village and surrounding offices provide a range of local employment opportunities, while the Transport for Brisbane bus depot and workshops are located at the western end of the suburb.
The suburb is also well positioned for major nearby employment and education centres, including the Brisbane CBD and the University of Queensland at St Lucia.
Toowong has a wide range of micro-locations, from elevated residential streets to higher-density areas around the commercial centre and Brisbane River.
The most sought-after house locations are generally quiet residential streets away from major traffic routes, particularly where properties offer elevation, views, character appeal and convenient access to schools, parks and transport. Residential pockets in the western part of the suburb can offer a more traditional suburban feel despite Toowong’s inner-city location.
Properties close to Coronation Drive, Milton Road, Moggill Road, the railway line or the busiest sections of High Street may be affected by higher levels of traffic or transport noise. Buyers considering lower-lying properties near the Brisbane River should also complete property-specific flood due diligence before purchasing.
A buyers agent in Toowong can help buyers assess a market where property type, street position, elevation and proximity to transport can significantly influence value. Your Property Hound assists home buyers and investors with property searches, inspections, due diligence, comparable sales analysis and negotiation.
RP Data records approximately 1,865 houses and 5,116 units, meaning apartments and other attached dwellings substantially outnumber detached houses.
Detached housing ranges from traditional Queenslanders and older character homes to renovated and contemporary residences. The apartment market is equally varied, including older walk-up complexes, larger established apartment buildings and newer developments around Toowong’s commercial and transport precinct.
Average ownership periods are relatively long at 13.6 years for houses and 11.4 years for units, reflecting Toowong’s established housing market despite its comparatively mobile rental population.
As at July 2026, RP Data records a median house value of $1,882,006.
For example, a four-bedroom house at 39 Thorpe Street, Toowong, on 433m² recently sold for $2,000,000 in June 2026.
As at July 2026, RP Data records a median unit value of $968,161.
For example a two-bedroom townhouse at 6/45 Brisbane Street, Toowong, sold for $1,025,000 in July 2026.
Toowong has recorded strong recent price growth across both houses and units. The median house value reached $1,882,006 in July 2026, up 23.3% from $1,526,603 in July 2025. Over the longer term, the median house value has increased from $820,472 in July 2017.
The unit market has also performed strongly. The median unit value increased by 19.7% over the year to July 2026, rising from $808,907 to $968,161. This compares with a median unit value of $436,807 in July 2017.
Whether you are looking for a character home, apartment, townhouse or investment property, an experienced Toowong buyers agent can help you compare properties objectively and understand how street position, noise, elevation, flood exposure and property type affect value.
Your Property Hound provides independent buyer representation throughout the purchase process, from property search and due diligence through to negotiation and settlement.
Current supply and demand indicators point to a relatively tight market, although conditions differ between houses and units.
Houses are taking around 38 days to sell, compared with 26 days for units. Stock on market remains low at approximately 0.58% for houses and 0.95% for units. Vendor discounting is also relatively modest, averaging around 6% for houses and 4% for units.
Rental conditions remain tight, with reported vacancy rates of approximately 0.66% for houses and 1.12% for units. Gross rental yields are around 2.45% for houses and 4.15% for unit.
The difference in tenure is also significant, with around 29% of houses rented compared with 68% of units.
Overall, the data indicates limited available stock and continued demand for well-located properties. The house market is influenced heavily by the scarcity of detached housing and owner-occupier demand, while the unit market is supported by a large tenant and investor base.
**Statistics are accurate for July 2026
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