All About Old Toongabbie, Parramatta, NSW, 2146

Old Toongabbie, located in the broader Parramatta region of New South Wales, is characterized by its unique blend of suburban tranquility and convenient access to urban amenities. The housing market in Old Toongabbie is reflective of this combination, offering a mix of classic family homes, newly developed residences, and various rental properties. Over recent years, the suburb has seen a steady increase in property values, driven by its appeal to families and professionals looking for a quieter lifestyle within reach of Sydney's central business district. The demand for homes in this area is buoyed by its reputation for having spacious properties, leafy streets, and a family-friendly environment. Although property prices have risen, Old Toongabbie remains relatively more affordable compared to some of its neighboring suburbs, making it an attractive option for first-time buyers and investors alike.

Living in Old Toongabbie provides residents with a peaceful suburban lifestyle while still being close to the action in Parramatta and other key areas. The suburb is known for its community-oriented feel, with numerous parks, schools, and recreational facilities that cater to families and individuals alike. Residents enjoy the benefits of a tight-knit community, with various local events and activities fostering a strong sense of belonging. Transport links are well-established, allowing easy commutes to Parramatta and the Sydney CBD, as well as other parts of greater Sydney via major roads and public transport options. Additionally, the area boasts convenient shopping and dining options, with larger retail centers accessible in nearby suburbs. Overall, Old Toongabbie offers a harmonious balance of convenience, community, and comfort, appealing to those seeking a serene yet connected living environment.

Old Toongabbie Real Estate Market Outlook

Thinking about buying in Old Toongabbie? Now could not be a better time, with 1372 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,271,000 with prices in this suburb ranging from $417,000 to $6,964,000. The aproximate distance to the coast is 22 Km.

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 Old Toongabbie due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Old Toongabbie classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Old Toongabbie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

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