Toormina is a mid-sized suburb in New South Wales within the Coffs Harbour local government area (postcode 2452). With a population of 6,171, the suburb has a mature demographic with a median age of 45. Households earn a median income of $55K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Toormina is $851,000, having surged 15.6% over the past year. Units have a median price of $616,000 (+10% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,517.
Toormina is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 1 rail station, 38 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Toormina offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($851K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.4x is considered stretched. House prices have moved +15.6% year-on-year.
Toormina is a mid-sized suburb in New South Wales within the Coffs Harbour local government area (postcode 2452). With a population of 6,171, the suburb has a mature demographic with a median age of 45. Households earn a median income of $55K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Toormina is $851,000, having surged 15.6% over the past year. Units have a median price of $616,000 (+10% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,517.
Toormina is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 1 rail station, 38 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Toormina offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($851K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.4x is considered stretched. House prices have moved +15.6% year-on-year.