Toogong is a quiet locality in New South Wales within the Cabonne local government area (postcode 2864). With a population of 71, the suburb has an established demographic with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Toogong is $325,000, having dropped significantly 47.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 8.5%. The median monthly mortgage repayment is $1,738.
Public transport access includes 7 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Toogong offers a gross rental yield of 8.5%, rated as high yield. Property prices sit below the state median ($325K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -47.6% year-on-year.
Toogong is a quiet locality in New South Wales within the Cabonne local government area (postcode 2864). With a population of 71, the suburb has an established demographic with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Toogong is $325,000, having dropped significantly 47.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 8.5%. The median monthly mortgage repayment is $1,738.
Public transport access includes 7 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Toogong offers a gross rental yield of 8.5%, rated as high yield. Property prices sit below the state median ($325K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -47.6% year-on-year.