Domain Group has released its State of the Market Report – Regional, looking at activities in regional Queensland to see how median house prices and rent prices are doing over the June quarter and the year to date.
The report, which focuses on Victoria, NSW and Queensland, looks at the major regional areas and analyses regional properties’ median house prices and rent prices.
Toowoomba – declining
Toowoomba saw a decline in its median house price by 2.7 per cent over the quarter and by 0.5 per cent over the year to $365,000.
Median house rents, however, have held steady for both the quarter and the year at $320.
“The market in Toowoomba is quiet, with a decline in median house prices and a relatively flat rental market,” said Dr Wilson.
“A return to growth is dependent on local economic activity stimulating the region.”