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Toogoom, QLD 4655

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Toogoom, QLD 4655 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Toogoom, QLD 4655”

  1. The total adult population (15 years or older) of Toogoom 4655 QLD is 2,163, with a median age of 52. Of those, 53.68% are married, 17.15% are divorced or separated, 24.46% are single and 4.48% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $4,852. The median monthly mortgage repayment for households in this suburb is $1,415 which is 29.16% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint neighbourhood of Toogoom, residing under the postcode of 4655, can be found nestled in the heart of sunny Queensland. This scenic suburb is home to approximately 1,418 households, each contributing to Toogoom’s unique community fabric. As we embark on the third quarter of 2023, the average price of a house in Toogoom stands at $727,780. The weekly median rent for these properties is a fetching $490, creating an attractive indicative yield of approximately 3.5%.

    Measuring socio-economic factors, Toogoom boasts a commendable IRSAD score of 899 out of 1217. This suggests that the local population, on average, enjoys a reasonably good level of economic resources and favourable living conditions. The suburb also has a favourable renter to owner ratio of 25%, indicating a healthy balance between owners and renters within the property market. A units to houses ratio of 0% suggests that the local market predominantly consists of houses, attracting tenants seeking more spacious and family-friendly accommodations. This is advantageous for property investors as it leads to less competition between landlords and maintains a premium on rental prices.

    However, the affordability index in Toogoom for houses is considerably high at 59 years, representing a potential barrier for first home buyers and those on relatively lower incomes. The stock on market percentage for houses sits at 0.92%, falling within the neutral range, and the inventory level stands at approximately 2.14 months.

    There is also little growth in new housing in the area, with the building approvals Ratio at 0.0%. This scarcity of new housing stock and low inventory could potentially lead to an upward pressure on property prices. Prospective houses remain on the market for an average of 38 days, implying a reasonably active and robust market. An overall vacancy rate of 2.53% suggests a moderate level of demand in Toogoom, balancing out with supply levels in the market.

    The buy search index for houses in Toogoom stands at 5, indicating interest from potential investors and buyers on par with state average. In conclusion, even though the affordability of Toogoom is less favourable, the majority of indicators still point towards promising investment opportunities. Furthermore, HtAG Analytics’ RCS metric would be crucial in automating the process of market analysis and identifying optimal investment opportunities in this area.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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