Toongabbie NSW 2146: Property Market Report & Real Estate Insights

Part of Cumberland, NSW

Toongabbie Real Estate Market Outlook

Thinking about buying in Toongabbie? Now could not be a better time, with 8086 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,049,000 with prices in this suburb ranging from $17,000 to $18,620,000. The approximate distance to the coast is 23 Km.

Living in Toongabbie

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Toongabbie due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Toongabbie provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Toongabbie requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Toongabbie, located within the Cumberland area of New South Wales, has increasingly become a focal point for individuals and families looking to reside in a suburb that combines the charm of a tight-knit community with the convenience of city accessibility. The housing market in Toongabbie has seen steady growth over recent years, reflecting broader trends across Greater Sydney. The suburb offers a diverse range of housing options, from older, single-family homes that provide ample yard space, to more modern developments like townhouses and apartments, catering to a growing demand for more compact living arrangements. This variety accommodates different budgets and lifestyle preferences, attracting a diverse population. The proximity to major transport hubs, such as the Toongabbie railway station, makes it especially appealing for commuters to Sydney’s CBD and other parts of the metropolitan area, contributing to its popularity and subsequent rise in property values.

Living in Toongabbie provides residents with a blend of cultural richness and suburban tranquility. The suburb boasts a multicultural community, which is evident in its lively town center, featuring an array of shops, restaurants, and cafes offering international cuisine. This multicultural tapestry enriches community life and adds a unique vibrancy to the area. For families, there are numerous parks and recreational facilities, such as the Toongabbie Sports and Bowling Club, creating a family-friendly environment with plenty of opportunities for outdoor activities. The local schools are well-reviewed, adding to the suburb’s appeal for those with children. Overall, Toongabbie combines the benefits of suburban living with an inclusive community spirit, making it an attractive option for those seeking a balance between the hustle and bustle of city life and the serenity of a welcoming neighborhood.

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