69 New England HighwayMount Kynoch QLD 4350
Property Details for 69 New England Hwy, Mount Kynoch
Last Listing description (November 2024)
On behalf of our valued client L J Hooker Toowoomba Commercial are pleased to present to the market for sale Proposed Lot 908 69-71 New England Highway, Mount Kynoch.
Situated in the Northern corridor of Toowoomba and with major federal, state, and private development underway or planned for this corridor.
The current state of Toowoomba residential market allows the eventual purchaser the unique proposition of a large residential development block with as of right zoning and substantial market activity in the surrounding areas and new lots coming to market providing immediate feedback to the end purchaser to inform the end product of this site.
This opportunity features:
- Striking 38,605m2 allotment boasting uninhibited exposure to The New England
Highway
- Supported by favourable planning guidelines (see Town Planning Advice)
- Site has exposure to over 20,000+ passing vehicles daily along the New England
Highway
- Over the past three years Toowoomba has seen a substantial growth in its population
sitting around 2 3 % per annum.
For more information please contact the exclusive marketing agents Chris Stewart.
Property History for 69 New England Hwy, Mount Kynoch, QLD 4350
- 03 Jun 2024Listed for Sale Offers Over $2,500,000
- 12 Dec 2023Listed for Sale Offers Over $2,500,000
- 15 Sep 2021Sold for $11,000,000
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About Mount Kynoch 4350
The size of Mount Kynoch is approximately 3.3 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Mount Kynoch in 2011 was 163 people. By 2016 the population was 256 showing a population growth of 57.1% in the area during that time. The predominant age group in Mount Kynoch is 20-29 years. Households in Mount Kynoch are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mount Kynoch work in a professional occupation. In 2011, 73.9% of the homes in Mount Kynoch were owner-occupied compared with 47.6% in 2016.
Mount Kynoch has 123 properties. Over the last 5 years, Houses in Mount Kynoch have seen a 66.30% increase in median value, while Units have seen a 4.06% increase. As at 31 October 2024:
- The median value for Houses in Mount Kynoch is $676,509 while the median value for Units is $606,949.
- Houses have a median rent of $590.
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