Located in New South Wales within the Parramatta local government area, Old Toongabbie is a smaller residential area (postcode 2146). It is home to about 3,276 residents, with an established demographic and a median age of 38. Households earn a median income of $113K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Old Toongabbie has a median house price of $1.4 million, which has increased by 4.8% year-on-year. Units have a median price of $635,000 (-4.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,200.
Public transport access includes 22 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.4% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.4x is considered stretched. House prices have moved +4.8% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.