Toowoomba properties are not only affordable, but also have returns expected to beat southern capitals like Sydney and Melbourne.
That’s according to a new report by market research firm Propertyology.
It found 39 growth locations across the country where median house prices were less than $400,000 but were also expected to outperform the capital cities for growth over the next few years.
Toowoomba was listed as one of nine Queensland locations tipped for growth.
Propertyology’s analysis looked at criteria including affordability, economic diversity, essential infrastructure, lifestyle, increased demand for housing and expected improvement in economic conditions.
Raine and Horne Toowoomba property sales consultant Paddy Ryan agrees Toowoomba is in a prime position for growth.
Mr Ryan has been in the real estate industry for seven years and said he was enthusiastic about what was in store for the city.
Originally Published by The Chronicle, continue reading here.