Toongabbie is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2146). With a population of 16,177, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $110K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Australian, English.
The median house price in Toongabbie is $1.3 million, having declined 4.8% over the past year. Units have a median price of $540,000 (-5.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Toongabbie is served by 4 schools, including 3 primary, 1 combined. The average ICSEA score is 1072, which is above the national average of 1,000. Public transport access includes 1 rail station, 46 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Toongabbie offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -4.8% year-on-year.
Toongabbie is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2146). With a population of 16,177, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $110K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Australian, English.
The median house price in Toongabbie is $1.3 million, having declined 4.8% over the past year. Units have a median price of $540,000 (-5.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Toongabbie is served by 4 schools, including 3 primary, 1 combined. The average ICSEA score is 1072, which is above the national average of 1,000. Public transport access includes 1 rail station, 46 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Toongabbie offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -4.8% year-on-year.