Suburb Profile Report for Toormina NSW (2452)

Toormina House: Median price $410,000, Annual capital growth 4.49%, Number of sales 98, Weekly median advertised rent $383

Toormina Unit: Median price $265,000, Annual capital growth 3.03%, Number of sales 45, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Toormina has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.81%

Comparing Toormina,2452 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Toormina is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1154th in terms of most discounted suburbs in NSW

Using the current median advertised rental of $382.5 and the average annual increase in value of a median property of 4.49%, investors should hope to achieve an overall return of 4.85%

Investment property in Toormina has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.92%

If we look at median property appreciation over just the last three months, Toormina has given property investors a paper return of -8.62%. This puts Suburb as 528 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Toormina should be aiming for at least -3.43% off the asking price, which is the average vendor discount being achieved at the moment.

HOUSE UNIT
$410,000 $265,000
6.56% -8.62%
10.81% 3.92%
4.49% 3.03%
$383 $300
98 45
4.85% 5.89%
63.28 67.15

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6075
Median household income ($/weekly) 752
Median age of persons 42
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 769 12.7
    35-44 years 659 10.8
    45-54 years 823 13.5
    55-64 years 781 12.9
    65-74 years 594 9.8
    Others 2450 40.3
    Age Group
    Census Count Percent(%)
    Not Married 2132 48.0
    Registered Married 1880 42.3
    Defacto Relationship 429 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5178 89.4
    Papua New Guinea 71 1.2
    Philippines 35 0.6
    United Kingdom 277 4.8
    Other 68 1.2
    Others 166 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 0.8
    Christianity 4095 73.6
    Islam 9 0.2
    Other Religious Groups 29 0.5
    No Religion 1380 24.8
    Others 8 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 279 12.6
    $400-$599 405 18.3
    $600-$799 320 14.5
    $800-$999 265 12.0
    $1,000-$1,249 209 9.5
    Others 730 33.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2243 48.1
    Employed, worked full-time 1138 24.4
    Employed, worked part-time 893 19.2
    Unemployed, looking for work 249 5.3
    Employed, away from work 137 2.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 307 14.2
    Community & personal service workers 317 14.6
    Clerical & administrative workers 292 13.5
    Sales 303 14.0
    Labourers 318 14.7
    Others 631 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 122 8.7
    Infants/Primary 459 32.7
    Secondary 437 31.2
    Technical or Further Educational Institution 201 14.3
    University or other Tertiary Institutions 141 10.1
    Others 42 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4611 80.6
    Semi-detached, row or terrace house, townhouse 754 13.2
    Flat, unit or apartment 316 5.5
    Caravan, cabin, houseboat 24 0.4
    House or flat attached to a shop, office 17 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 908 38.0
    Fully owned 717 30.0
    Being purchased 624 26.1
    Other tenure type 143 6.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals