Toowoomba market starting to level off after solid growth: REIQ

Over the past five years Toowoomba has been a solid performer, with its residential housing and unit market adding between 21 and 23 percent price growth, according to REIQ's latest report.

However the market was potentially levelling off as demand begins to contract, the report noted.

The median house price grew just 0.9 percent this quarter, to $355,000 and over the past 12 months the market has fallen 1.1 percent.

The Toowoomba unit market has stalled with just 0.4 percent growth this quarter and a fall of 0.2 percent over the past 12 months.

The quarterly median unit price is $290,000.

A three bedroom house at 147 Mackenzie Street, East Toowoomba (above) has been listed for $395,000.

Similarly a three bedroom house at 208 South Street, South Toowoomba (below) has been listed for over $359,000.