IT may be about nine times the size of Brisbane, but residential real estate in the Toowoomba council region still left the rest of Queensland in the dust when it came to annual growth.
Houses in the Toowoomba council region saw a median price jump of 7.7 per cent over the year to March - the highest of all council regions - while Toowoomba units came in second with a rise of 7.4 per cent.
The area has seen a surge of investment off gas and infrastructure activity in recent times, with the house median jumping 17.9 per cent in the last five years, and units up 14.8 per cent.
Eleven suburbs in the rest of the state - that is, not in Brisbane, the Gold Coast or Sunshine Coast - saw growth in double-digits over the year, led by Yorkeys Knob in Cairns (14.5 per cent).
Six Toowoomba suburbs made that double-digit list - houses in Cambooya (14.3 per cent), units in East Toowoomba (12.7 per cent), and houses across Toowoomba City (10.6 per cent), Mount Lofty (10.5 per cent), Goombungee (10.4 per cent) and Harlaxton (10.1 per cent).
Other areas which saw double-digit surges over the year to March were houses in Cairns suburbs Smithfield (11.9 per cent) and Trinity Beach (11.5 per cent) as well as units in Trinity Beach (10.7 per cent), and Kensington Grove houses in the Lockyer Valley (10.8 per cent).
CoreLogic figures crunched by the Real Estate Institute of Queensland as part of The Courier-Mail’s What Is Your Home Worth pack found that the Maranoa council region, further west of Toowoomba, had the second highest five year growth rate - with the house median there up 17.8 per cent since 2010. Maranoa was struggling in recent times though, with the median having fallen -2.5 per cent over the year to March.
Despite the mining investment downturn, areas outside Brisbane, the Gold Coast and Sunshine Coast still delivered the best gross rental yields in the state - Mount Morgan in Rockhampton (12.3 per cent), Nelly Bay in Townsville (11.6 per cent), Cloncurry (10.7 per cent).
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