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12 MIN READProperty Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
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Old ToongabbieOld Toongabbie - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains OLD TOONGABBIE, 2146 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that OLD TOONGABBIE, 2146 obtained a 9.46% growth over a ten-year period. It ranks 153rd on our list of suburbs that property investors should look into.
OLD TOONGABBIE, 2146 in NSW belongs to the local government area of Parramatta (C).
OLD TOONGABBIE, 2146 has a capital gain of 33.33% for the past year, which is higher than average compared to its 40.49% growth within a five-year period.
With the median home price in OLD TOONGABBIE sitting at $1,100,000, and the average rent at $499.5, property owners could potentially earn a 2.36% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in OLD TOONGABBIE are high, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,100,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 12.47% | N/A |
| Median 12 month | 33.33% | N/A |
| Median 3 years | 29.41% | N/A |
| Median 5 years | 40.49% | N/A |
| 10 years average annual | 9.46% | N/A |
| Weekly media advert. rent | $499.5 | N/A |
| Time on Market | 25.6 days | N/A |
| Gross Rental Yield Percent | 2.36% | N/A |
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