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Toormina
AREA REPORTS

Toormina

Toormina - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2452

house
unit

Property investors enjoyed capital gains of 3.31% over the last 12 months in TOORMINA, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.13% growth over a ten-year period. It ranks 2185th on our list of suburbs that property investors should look into.

TOORMINA, 2452 has a capital gain of 3.31% for the past year, which is lower than average compared to its 29.33% growth within a five-year period.

With the median home price in TOORMINA sitting at $485,000, and the average rent at $455, property owners could potentially earn a 4.88% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in TOORMINA are low, as opposed to average gains per annum over the past five years.

TOORMINA, 2452 in NSW belongs to the local government area of Coffs Harbour (C).

Data report can be found below

Toormina
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $485,000 $365,000
GROWTH REPORT
Median Quarterly 3.19% 2.46%
Median 12 month 3.31% 5.8%
Median 3 years 18.15% 25.86%
Median 5 years 29.33% 32.13%
10 years average annual 4.13% 5.1%
Weekly media advert. rent $455 $340
Time on Market 49.9 days 81.7 days
Gross Rental Yield Percent 4.88% 4.84%
demographics (median values)*
Total Population
15120
Weekly Household Income
1016
Household Size
2.40
Age
44
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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