Toongabbie

Toongabbie, VIC 3856 is a growing suburb with a population of 1085 residents. The age demographic is diverse, with a significant number of residents falling in the age groups of 5-19 and 45-64 years. The suburb is well-connected, with a higher percentage of residents commuting by motor vehicle. The educational advantage of students in government schools is at the 37th percentile. For houses in Toongabbie, the suburb exhibits a high market absorption rate at 20.0%, indicating strong buyer demand. The sale price IQR ratio is 32.2%, suggesting potential opportunities for renovators. With a median growth rate of 1.9%, Toongabbie shows steady growth potential for property investors. The vacancy rate is slightly higher, which may impact rental yields. There is a good mix of occupations, with technicians and tradeworkers, professionals, and managers being the top three occupations. Toongabbie, VIC 3856 is a suburb experiencing growth in both population and property prices. The suburb offers investment opportunities in the housing market, with strong buyer demand and renovation potential. Homeowners can benefit from the steady growth in property prices, while investors need to consider the slightly higher vacancy rate impacting rental yields. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022