Thinking about buying in Toongabbie? Now could not be a better time, with a whopping 642 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $480,000 with prices in this suburb ranging from $188,000 to $756,000.Distance to the coast is 53 Km.
In Toongabbie there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Toongabbie are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Toongabbie changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Toongabbie to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Toongabbie the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$285.00|
|Median Monthly Mortgage||$1408.50|
|Median Persons Per Bedroom||0.75|
|Average Household Size||2.50|
|Average Cars Per Dwelling||2.68|
|Average Properties Within 50M||8.00|
|47 HUMPHREY RD, TOONGABBIE, VIC, 3856||3||2||2||$850,000|
|43 VICTORIA ST, TOONGABBIE, VIC, 3856||3||2||2||$699,000|
|61 NICHOLSONS RD, TOONGABBIE, VIC, 3856||5||2||4||$995,000|
|2-4 HILL ST, TOONGABBIE, VIC, 3856||3||2||5||$730,000|
|67 KING ST, TOONGABBIE, VIC, 3856||0||0||0||$2,120,000|
Toongabbie Public School
Toongabbie West Public School
Metella Road Public School
Toongabbie Christian College
Toongabbie Primary School(While the above schools are located with the suburb of Toongabbie there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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