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%