Current Market Valuation
Estimated market value: $1,363,000 (as of April 2025, with a range of $1,120,000 - $1,590,000)
Notes: The property was last sold on January 8, 2024, for $1,200,000. Current estimations vary, with one source estimating $1,200,000 as of May 2025 and another at $1,363,000 as of April 2025. [3, 6, 7]
Purchase History
2024-01-08 - $1,200,000
2021-10-11 - $1,000,000
1997-07-12 - $151,000
1991-06-13 - $66,000
Property Details
Type:
House
Bedrooms:
3
Bathrooms:
1
Land (sqm):
696
Car/Garage:
2 (parking spaces/garage spaces)
Estimated weekly rent:
$735 - $750 per week
Estimated rental income ranges from $735-$745 based on property data. The median rent for houses in Toowong is $750 per week. Toowong's strong rental market is partly due to its proximity to The University of Queensland. [3, 6, 8, 9, 12]
Rental vacancy rate:
1.5% - 2.4% (for houses in Toowong)
Council rate:
Approximately $500 - $700 per quarter
Water rate:
N/A (not specified in search results)
Strata fee:
N/A (house, not applicable)
Home and content insurance price:
N/A (not specified in search results)
Zoning Information
LGA:
Brisbane City Council
Zoning:
Residential (likely Low-Medium Density Residential)
Bushfire:
Yes (detected a bushfire overlay)
Flood:
No (no flood overlay detected)
Heritage:
No (no heritage overlay detected)
Potential Developments in the Area
State Government:
Brisbane City Council purchased land at 600 Coronation Drive (former ABC site) for the future Toowong-to-West-End Green Bridge.
Local Government:
Arc (10-storey apartment tower with 27 three-bedroom units and a penthouse) at 570 Coronation Drive, approved June 2022, construction commenced early 2023.
Proposed residential building at 6 Josling Street and 73 Brisbane Street, Toowong (Low-Medium Density Residential zone), near Toowong Village and The University of Queensland.
Eclair Residences (12-storey residential building with 53 apartments) at 70 Sylvan Road, Toowong, with a development application submitted.
Proposed 15-storey residential tower (28 three-bedroom apartments) at 21-25 Glen Road, Toowong, with a development application submitted.
Monarch Residences (twin 15-storey towers with 224 apartments) at 600 Coronation Drive, topped out in March 2025, residents expected by the end of 2025.
Features
Location 7 Purkiss Street, Toowong QLD, Australia
What's Nearby
Education
Transportation
Birdwood Tce at Stuartholme, Stop 31 - Bus (3 min walk)
Taringa Station - Train (20 min walk)
Regatta Ferry Terminal - CityCat Ferry (21 min walk to Purkiss St area)
Suburb Performance
Median Price History
The Toowong housing market has seen significant growth, appealing to young professionals, students, and families.
May 2024 - May 2025 | $1,743,750
Last 12 months (overall) | $1,700,000
February 2025 | $1,605,000
12-Month Growth Insight
Up 13.1% (houses, May 2024 - May 2025)
Annual compound growth rate of 14.67% (houses)
Annual capital growth of 7.00% (houses)
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