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QLD Toowoomba - still a good option?

Discussion in 'Where to Buy' started by panda878, 23rd Jul, 2015.

  1. panda878

    panda878 Member

    Joined:
    23rd Jul, 2015
    Posts:
    6
    Location:
    NT
    Hi everyone,

    I just came across the forums and it looks like a good place to get some advice. I have looked a little at the old forum but many Toowoomba-related threads are a bit old now.

    So, my fiance and I are looking to invest (first time) and have done a bit of online research. We are not based in Qld, but like the idea of investing there. I have been looking into Toowoomba based on figures and reports over several years - it seems to continually perform well. I notice there are a number of new land releases coming up and some positive things in way of new developments and expansions (retail, airport, roads).

    One big concern my FI has is re the mine closures and what sort of impact that will have. Can anyone comment on this and/or direct me to further information?

    Thanks in advance :)
     
  2. Michael.Knight

    Michael.Knight Member

    Joined:
    2nd Jul, 2015
    Posts:
    17
    Location:
    Melbourne, VIC
    Its a strong region that continually provides growth. Vacancy rates were previously quite low. Recently the airport has opened and the second range crossing is in the works. The economy is multi-industrial, and has more to do with coal seam gas rather than mining I believe. IMO Toowoomba is yet to reach its peak...
     
  3. RPI

    RPI Property Lawyer, Town Planner Business Member

    Joined:
    19th Jun, 2015
    Posts:
    714
    Location:
    Brisbane
    Toowoomba is the private school, business and industrial location for a much larger geographical area. If the airport starts doing decent SYD MEL services then there could be substantial growth.
     
  4. Cash Flows

    Cash Flows Member

    Joined:
    18th Jun, 2015
    Posts:
    19
    Location:
    Gold Coast
    Developers are building on small parcels of land in the west of toowoomba.

    this is largely driven by absentee investors.

    current vacancy rate over 3% with units being hard to lease

    strong economy and will benefit from new infrastructure projects in the pipeline.

    any questions let me know.

    Cheers

    Cash Flows
     
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,841
    Location:
    Sydney
    Diesel111 likes this.