7/58 High Street Toowong
07 3217 7222
07 3870 7076Contact us
The Blue Ribbon Suburb of Toowong
Toowong is the Gateway to the Western Suburbs
Toowong continues to benefit greatly from increasing consumer interest in high profile inner city properties and demand for boutique business space.
Toowong,less than 4 km from the CBD, has a strong mix of both commercial and residential property. The suburb has a vibrant and thriving commercial and shopping precinct, as well as a lively night life zone including many good restaurants. The University of Queensland is only 5 minutes away.
All expectations are that Toowong and surrounding suburbs of St.Lucia, Taringa, Indooroopilly, Auchenflower and Milton will continue showing strong capital growth during the next few years as prime residential property becomes increasingly scarce. The suburb features an ever increasing number of units and some highrise complexes along the riverfront.
It is a suburb particularly popular with young professional renters, wanting the ease of access to the City for work and entertainment. Public transport is accessible by use of bus, train and 2 city water cats. According to the most recent Census there were 15,500 people living in the suburb with a medium age of 29. Of all occupied private dwellings 45% were either fully owned or being purchased; 50% were being rented.
In 1850 James Warner surveyed the first subdivisions for present day Auchenflower. In 1854 the northern banks of the Brisbane River were subdivided into 12 large estates. From this time rich citizens built a series of grand homes overlooking the northern banks of the river in what is now Milton, Auchenflower and Toowong.
In 1880 Sir Thomas McIlwraith purchased the home of a prosperous ironmonger named John Ward. Sir Thomas named this estate Auchenflower after his great uncle’s farm, Auchenflower, in Ayrshire, Scotland. The extensive estate, previously part of Milton, became known as Auchenflower from this time onward.
Only 2.5km from Brisbane’s CBD, Auchenflower continues to benefit from increasing consumer interest in inner-city properties and demand for boutique business space. As a result Auchenflower has seen a lot of unit development particularly along Coronation Drive and nearby streets.