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Property prices in Hong Kong have always been high, becoming a heavy burden for many people. Buying a property and collecting rent in Australia, especially in Brisbane, has a much lower entry barrier than Hong Kong. As a popular destination in Brisbane, Toowong area is definitely the first choice for self-occupation or rent collection for new and experienced property investors. Now take a look at the Toowong District Raiders and understand the advantages of this area.
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Introduction of Toowong District
Toowong District is a famous riverside business district, and it is less than 4 kilometers away from the Brisbane city center CBD and less than 10 minutes by car. Since the 1980s, due to the mature development and convenience of life in Toowong District, many Hong Kong people have been attracted to immigrate. Therefore, the rental market in the district has always been very active.
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Transport Infrastructure in Toowong District
As one of the key planning areas of Brisbane, Toowong District has a complete transportation network, including high-speed ferries (City Cat), trains and buses, which can quickly reach every corner of the area and even other areas of Brisbane. Locals often take the high-speed City Cat ferry from the Regatta Ferry Terminal to schools, offices or leisure attractions such as the University of Queensland, Queensland University of Technology, Brisbane Central Business Brisbane Central Business District, The Wheel of Brisbane and Streets Beach, South Bank Parklands. In addition to taking the ferry, many residents will use the Toowong Railway Station, which is connected to the large shopping mall Toowong Village, to take the train to their destination. For example, it takes 3 stops (7 minutes) to reach Roma Street Station in the city center, and 4 stops (9 minutes) to Brisbane Central, the financial center in the city and the headquarters of Australia’s four major state-owned banks, HSBC and China The head office of the bank is also located in this area, and it is very convenient and fast to commute to work. In addition, the Brisbane City Government plans to build the Green Bridge, which is a pedestrian bridge across the river connecting Toowong District and West End District, allowing residents to walk or cycle to and fro, broadening the interaction between the two districts.
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Community Packages in Toowong District
In addition to extending in all directions, Toowong District also has complete community facilities, such as the large commercial center Toowong Village and the upcoming Toowong Plaza. In the vicinity of Toowong District, it is also the location of the famous private hospital Wesley Hospital, providing one-stop high-quality and convenient medical services for the residents of Toowong District.
Toowong Village is located in the central area of the district, covering an area of 330,000 square feet and a 4-storey building with 86 shops, ranging from a large supermarket chain Cole, a department store Kmark, an Asian food supermarket, a food court, a post office, a bank to a pharmacy, a Everything is available to meet all the needs of daily life. In addition, there is also a commercial building above Toowong Village, where many professional companies such as auditing, financial and technology companies have set up offices. If you need to use the services of the above professional companies, it is very convenient to walk from the shopping mall.
Toowong Plaza is a 90,000-square-foot semi-outdoor shopping mall that will be completed in 2024, bringing about 30 retail stores and restaurants and a large office building to the area, as well as a fresh food market Harris Farm Markets, elevated outdoor dining District, cinema Gold Class Cinema and leisure services such as fitness and beauty center, childcare and medical center. Gradually strengthen the supply of community facilities in the Toowong area to drive the population growth in the area. The Aviary, a new building on top of Toowong Plaza, will be completed in January 2024. A total of 141 units in the entire project have been sold out in just 4 months, showing the housing demand and investment potential in the Toowong area.
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Toowong District School Network
Toowong District is the first choice for living and investment. It also has a good school network, attracting many Hong Kong people to arrange their children to study in the district. There are many top-ranked secondary schools in Toowong, such as Indooroopilly State High School, the third-ranked public secondary school in Queensland, and Brisbane Boys’ College, a famous private boys’ school in Toowong. In addition to a number of well-known secondary schools, Toowong District is also close to UQ University of Queensland, Australia’s famous academic capital. It only takes 10 minutes to reach the campus by bus, which is very convenient.
Whether it is a professional who needs to work in the city center of Brisbane, or a family planning to arrange for their children to enter a prestigious school, or even a student who is about to enter a university, they will choose to live in Toowong District. Toowong District has community facilities such as public security, transportation and shopping. Therefore, the rental market in the area has been very active for many years, and it is definitely suitable for immigrants to live in or use for rent collection purposes. If you want to know more about the properties in and out of Toowong area, please feel free to contact our property investment experts.