A little bit about Toowoomba
The regional city of Toowoomba has been touted as one of the best investment locations in the country in 2013 and 2014. Industry experts have provided compelling research to outline the cities diversity and future growth pillars. However it is a buyer beware place to invest. Even with all the hype prices have not performed to investors expectations.
Our research suggests that if you buy the right property, in the right location, for the right price, you will sustain good long term capital growth. However with a large range of new land and unit developments, its not easy for a market like this to become a little saturated.
A little bit more about Toowoomba
PPI Property Advice like to purchase more creative, inner city opportunities for our clients. Properties where second dwellings can be added on in the rear yard to create a duplex, or affordable properties suitable for the investor to subdivide can provide returns and yields far better than buying a new house and land package on the outskirts of the city.
We don’t think Toowoomba will ‘boom’ but we do think it has some great benefits for investors such as the creative investment options, affordability and good long term population growth as the regional centre continues to support the growth of agriculture, industry and mining in the south of the state.
Houses can be purchase from $350,000 – $400,000 and units can be bought under $300,000. Yields are what attracts some investors to Toowoomba, however you need to be careful as the yield isn’t as high as many would like and often the trade off for smaller capital growth may not be worth it.