While housing markets around the country head into negative territory, Toowoomba’s continues to rise on the back of an ‘infrastructure boom’ that has pushed its population up by 20 per cent over the past decade and a half.
This confidence is borne out by CoreLogic’s latest Regional Market Update, released in August, which shows that houses in the inland city, about 130km west of Brisbane, have increased in value by more than 20 per cent in the past year and are selling quicker than anywhere else in regional Australia, at 12 days on the market.
“Toowoomba has been in the midst of an infrastructure boom over the past decade with the second range crossing, the Wellcamp Airport, business park and the inland rail all being built or in progress,” LJ Hooker Toowoomba principal Mike Stewart says.
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