Suburb Profile Report for Toongabbie NSW (2146)

Toongabbie House: Median price $808,000, Annual capital growth 8.49%, Number of sales 147, Weekly median advertised rent $450

Toongabbie Unit: Median price $500,000, Annual capital growth 5.96%, Number of sales 70, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Toongabbie have tracked just lower than the NSW average of 7.93% over the last 12 months.

Across a shorter period, Toongabbie, 2146 has seen a median price increase of 0.37% over the last quarter.

Toongabbie, 2146 is offering NSW ‘s 363th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.90%, without taking into account capital value appreciation, which has been averaging out at 8.49%.

Over the last year, property investments in Toongabbie, 2146 have given investors a capital gain of -4.94%. This compares very badly with the 6.92% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Toongabbie,2146 has racked up an average of -4.94% over the period. This ranks it number 913th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Toongabbie is giving property investors an average Vendor Discount of around -5.04%. This puts suburb at number 144th in NSW when ranking the most discounted suburbs.

In the last year 70 properties changed hands in Toongabbie, which puts it as the 204th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.96%, investors should hope to achieve an overall return of 4.47%

YIP MAG Information supplied by:

YIP MAG
July 2015

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Toongabbie is located 30km west of the Sydney CBD, yet it’s only 8km west of the up-and-coming Parramatta CBD.Full summary Toongabbie is located 30km west of the Sydney CBD, yet it’s only 8km west of the up-and-coming Parramatta CBD.

There are good local shops in Toongabbie, but for everything else residents can head to the nearby major shopping centres at Parramatta or Blacktown.

The suburb itself is generally quiet and family friendly with excellent transport options including trains, buses and access to freeways.

With a median unit price of $445,000 this is an affordable option for investors, particularly compared with suburbs closer to the Sydney CBD.

Other attractive numbers include the 5% gross rental yield and vacancy rate of just 1.35%, according to Real Estate Investar.

The streets of Harvey Pl and Linden St are close to shops, parks, cafes and are less than five minutes’ walk from Toongabbie Station.

Some two-bedroom units there might be above the median price (north of $500,000), but the desirable location ensures they are worth it.
 Close
HOUSE UNIT
$808,000 $500,000
0.37% -9.30%
4.80% -4.94%
8.49% 5.96%
$450 $430
147 70
2.90% 4.47%
43.41 58.6

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Toongabbie NSW
Demographics
Total population 13003
Median household income ($/weekly) 1407
Median age of persons 35
Median housing loan repayment ($/monthly) 2013
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1627 12.5
    25-34 years 2159 16.6
    35-44 years 1927 14.8
    45-54 years 1688 13.0
    55-64 years 1416 10.9
    Others 4186 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 5382 55.0
    Not Married 3930 40.2
    Defacto Relationship 473 4.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 7124 57.5
    Croatia 364 2.9
    Indonesia 1163 9.4
    Sri Lanka 612 4.9
    Other 790 6.4
    Others 2340 18.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 357 2.9
    Christianity 7949 65.1
    Hinduism 1754 14.4
    Islam 488 4.0
    No Religion 1426 11.7
    Others 244 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 380 9.6
    $1,250-$1,499 346 8.7
    $1,500-$1,999 578 14.6
    $2,000-$2,499 460 11.6
    $2,500-$2,999 335 8.4
    Others 1868 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4283 43.0
    Not in the labour force 3255 32.7
    Employed, worked part-time 1690 17.0
    Unemployed, looking for work 403 4.0
    Employed, away from work 336 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1397 22.1
    Technicians & trades workers 880 14.0
    Clerical & administrative workers 1236 19.6
    Sales 554 8.8
    Labourers 579 9.2
    Others 1661 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 233 7.2
    Infants/Primary 1022 31.7
    Secondary 875 27.1
    Technical or Further Educational Institution 350 10.8
    University or other Tertiary Institutions 630 19.5
    Others 119 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8970 72.0
    Semi-detached, row or terrace house, townhouse 2598 20.9
    Flat, unit or apartment 880 7.1
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1699 39.9
    Fully owned 1337 31.4
    Rented 1190 28.0
    Other tenure type 29 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals