Suburb Profiles
Toombul (4012)
Owner-Occupier Appeal
Toombul is a small, transport-heavy pocket of Brisbane’s inner north - sitting between Clayfield, Nundah, and Northgate. It’s not a large suburb, and much of its identity has been shaped by the now-closed Toombul Shopping Centre, which remains fenced off awaiting redevelopment after flood damage in 2022. The surrounding residential streets offer a mix of older cottages, 1960s brick homes, and newer infill townhouses.
Owner-occupiers value Toombul’s location and convenience - it’s close to the airport, CBD, and Nundah Village - but the suburb feels transitional. Without a functioning retail heart, the area currently lacks amenity and vibrancy. The train station and nearby bus routes make commuting easy, but aircraft noise and flood-prone land near Kedron Brook are drawbacks.
Investor Appeal
For investors, Toombul is a mixed story. Its proximity to transport and employment hubs gives it strong fundamentals, but uncertainty around the future of the Toombul Shopping Centre site has clouded short-term prospects. When that site eventually redevelops - potentially into a major mixed-use precinct - the suburb’s profile should lift substantially.
Rental demand remains steady, particularly from professionals working in the city or airport precinct, but yields are average and capital growth has been modest since the floods. It’s a suburb with potential upside tied to redevelopment timing, but not one for impatient investors.
Key Suburb Features
Toombul feels a bit like a suburb in limbo. It has great transport, proximity, and bones - but right now, it’s waiting for its identity to be rebuilt after the floods and the closure of its namesake shopping centre. The potential upside is clear once redevelopment begins, but until then, it’s a suburb defined by what it could be rather than what it is.
For investors, it’s a calculated hold - strong location, moderate risk, and real long-term potential if the right projects land. For owner-occupiers, it’s convenient but patchy; the difference between a great street and a flood-prone one is night and day. In short: Toombul’s best days are probably ahead of it - they’re just taking their time to arrive.