Toongabbie is a small community in Victoria within the Latrobe (Vic.) local government area (postcode 3856). With a population of 1,085, the suburb has an established demographic with a median age of 39. Households earn a median income of $90K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Toongabbie is $632,000, having surged 20.3% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,400.
Toongabbie is served by 1 school, including 1 primary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Toongabbie offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($632K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved +20.3% year-on-year.
Toongabbie is a small community in Victoria within the Latrobe (Vic.) local government area (postcode 3856). With a population of 1,085, the suburb has an established demographic with a median age of 39. Households earn a median income of $90K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Toongabbie is $632,000, having surged 20.3% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,400.
Toongabbie is served by 1 school, including 1 primary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Toongabbie offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($632K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved +20.3% year-on-year.