Toronto (postcode 2283) is a moderately sized suburb in New South Wales within the Lake Macquarie local government area. It is home to about 5,973 residents, with an older-leaning population and a median age of 50. Households earn a median income of $61K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Toronto stand at $788,000, having ticked up by 1.7% over the last twelve months. Units have a median price of $770,000 (+2.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,616.
Toronto is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 979, which is around the national average of 1,000. Public transport access includes 1 rail station, 40 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
On the investment side, Toronto shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($788K/$1.5M), which can point to relative value. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.