Toowoomba's House Prices Climb by Sherele Moody 21St January 2017 September Quarter's Activities Were Slow Compared to Previous Sales Periods
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Toowoomba's house prices climb by Sherele Moody 21st January 2017 September quarter's activities were slow compared to previous sales periods. "It's a reflection that there are fewer people who are willing and able to buy properties at the moment,” Mr Snow said. "There is a hint of tentativeness from buyers. "I believe there is a sense of caution from buyers generally, they probably don't know why they're being cautious but there is a sense HOUSE buyers are waking because of the low turnover of caution. from their winter and of properties in the three spring slumber as months. "We've had a very positive Toowoomba's market and active October and Highfields had the highest moves towards a November and I would be quarterly media price with "positive and active” expecting the last quarter of that suburb's median sitting summer, the region's 2016 to show good numbers on $525,000. property leader says. of sales. East Toowoomba recorded The city's house prices lifted "We had a very good final a quarterly median of but unit prices dropped in quarter of 2015 and I'm $430,000, Centenary the three months to looking forward to seeing Heights hit $367,000, South September 31. that happen at the end of Toowoomba's median was 2016.” Real Estate Institute of $359,250 and Kearneys Queensland property Spring's median was Mr Snow said the region's statistics reveal the region's $355,000. rental vacancy rate was median house price rose sitting around 3%. Advertisement 1.5% to $350,000 and the A total of 341 Toowoomba median unit price fell 8.1% "We may have seen a slight houses changed hands in to $285,000 in the the September quarter and improvement in vacancy September quarter. 78 units sold for a median of rates but we're not The house price rise over 285,000. the past three months predicting a significant Centenary Heights had the follows the region's annual change in either direction most home sales with 26 median sale price drop of properties going to new over the coming 12 0.6% and the five-yearly owners. rise of 19.6% to $292,750. months,” he said. REIQ Toowoomba zone Quarterly medians were not chair David Snow said the available for all suburbs Toowoomba welcomes Inland Rail progress news Date: 10th Jan 2017 the project, users of alternative infrastructure, and the broader economy. "This underscores why investment in economically significant projects, such as Inland Rail, should be preferred to other more speculative projects such as high speed rail, for which the net public benefit to the Australian economy is far less established. "ALC 2016 election priorities document Getting the Supply Chain Right and video Now is the time To Get the Supply Chain The news that phase two will be critical to progress Right highlighted the critical of market testing for this nationally significant role the Inland Rail project private sector infrastructure project," ALC will play in the future involvement in the MD Michael Kilgariff says. supporting more efficient 1700km freight rail freight movement. connection between "ALC’s 2017-2018 Budget Melbourne and Brisbane submission encourages the ority List identifies Inland will be held later this government to commit to Rail as a Priority Project, month or early next funding for construction to noting the long-term month has met with allow industry to plan for benefits to potential users of Australian Logistics when operations Council (ALC) approval. commence. "To maximise its effectiveness, the inland rail Having highlighted Inland "Further government route must have end to end Rail as a priority project in support for the 1,700km link connectivity and include its 2017-18 Budget between Brisbane and efficient linkages to key submission, ALC says the Melbourne is essential to freight hubs and intermodal project will improve ensure this project comes to terminals, such as movement of freight fruition, and in so doing, to InterLinkSQ – a master- between Victoria and complete the spine of the planned logistics, Queensland. national freight rail network. warehousing and industrial estate located 13km west of "Private sector involvement "Infrastructure Toowoomba." in the delivery of Inland Rail Australia’s Infrastructure Pri Toowoomba’s new data and technology hub to compliment its transport and logistics sectors Paul Syvret, The Courier-Mail February 24, 2017 Just a few years ago Toowoomba was bleeding jobs because of drought and poor agricultural commodity prices, and losing major manufacturing employers. The initial catalyst for change was the advent of the coal seam gas boom, which saw the city emerge as the staging post and services TOOWOOMBA is not local business leaders on centre for the billions being exactly the centre of the board, bound for a trade invested in the gas fields. world, but as the largest mission in China. Still, CSG is the gift that inland regional city in keeps on giving, with Australia after Canberra, it TSBE executive chairman industry majors such as is one of the strongest Shane Charles says this is Santos and Origin spending and most diversified just the beginning, and is hundreds of millions locally economies in hopeful of daily air cargo on maintenance and Queensland. links to China by the end of the year. ongoing operations. “Put that sort of money into a Think of it as a hub – a “The old adage that regional economy every transport and logistics hub, infrastructure equals year and it is one hell of a a freight hub, services hub prosperity is as great as it whack,” says Mr Charles. and soon to be a data and has ever been,” he said. technology hub. It is this activity, for For Toowoomba this means example, that convinced It is a regional centre where not only public money for investment giant QIC to the collective thinking construction of the second spend $500 million extends far beyond its range crossing and the developing the Grand corner of Queensland. long-awaited inland rail link, Central shopping centre and has seen a raft of new Last October a Qantas but the entrepreneurship of accommodation and A330 roared off the tarmac locals like the Wagner hospitality business spring of the city’s new Wellcamp family who built Wellcamp up in the city. airport with more than 200 Airportg heavyweight FKG, New era of transport to expand Toowoomba Region’s horizons Paul Syvret, The Courier-Mail February 24, 2017 already got customers lined up, and expects to move 10- 15,000 units in the first year of operations in 2018. Ms Reynolds stresses that InterLink is on the existing western rail link, and thus not reliant on inland rail. “Each year there are 3.5 million tonnes of ag exports from the Toowoomba region, and only 180,000 of it goes IN REAL estate the old syndicate of 84 mostly local out on rail.” Last year the adage holds that position investors. majority of Queensland’s is everything. This would cotton crop was shipped out appear to be especially “Rail,” says Ms Reynolds, through Port Botany in true with the $50 million “is this missing piece in Sydney, while farmers first stage of an Queensland. We do have desperate to move the $1 intermodal freight hub one of Australia’s most billion chick pea harvest being built west of efficient road transport resorted to bringing in trucks Toowoomba. networks but rail is under- from as far afield as Victoria. utilised. The project, the vision of “Our strategic objective is former mayor Ross Miller, She conceded InterLinkSQ delivering supply chain who began accumulating “is a bit more beholden (to solutions for regional land at the site more than a government) than we’d like”, producers for whom one of and is pushing for further decade ago, sits on the the biggest costs is western rail line, adjacent to upgrades to the existing rail transport,” Ms Reynolds the Toowoomba second line. says. range crossing and on the The company – which is edge of the planned corridor As Toowoomba Mayor Paul undertaking a phased for the inland rail. Antonio points out: “Half of development of the site all the product that goes The project is funded, says which it is eventually hoped through the Port of Brisbane InterLinkSQ chief executive will shift up to 80,000 goes from or through Michelle Reynolds, by a containers a year – has Toowoomba.” Toowoomba identified as property growth hotspot PRD NATIONWIDE 30th April 2017 Tony Brasier, said it was all about matching potential buyers looking for affordable property with an area that still maintained strong growth. "A key development which has influenced the strong average price growth levels in the region is the Wellcamp Airport, located 15.6km from the Toowoomba CBD. TOOWOOMBA has been These key areas identified, identified as an not only highlight price "This airport caters to affordable property affordability but also solid international flights, providing hotspot in a new report fundamentals for Toowoomba with ample by PRDnationwide. sustainable growth. opportunity to promote the area as an international PRDnationwide's Top 10 PRDnationwide National destination and a transit-hub Affordable Major Regional Research Manager Dr for business." Dr Mardiasmo Areas Report, just Diaswati (Asti) Mardiasmo said. released, includes the said Toowoomba wasn't Toowoomba region. just affordable, but a "The PRDnationwide Top 10 growth hotspot. Affordable Major Regional After 15 years of strong Areas Report, identifies growth in the Garden City, "Toowoomba has affordable regions that assist it looks like things won't experienced solid growth in the battle to enter the slow down any time soon. rates over the past 15 property market and combat years (to 2016), averaging The report was compiled to the capital cities and metro 7.9% growth for houses help people seeking an regional markets that and 8.4% for units," he affordable property and continue to see property said.