Question 1

Is Toongabbie a nice place to live?

Accepted Answer

Toongabbie is a small rural town in Gippsland with a compact main street, facilities supporting the surrounding agricultural district and a landscape of rolling farmland and native bush.

Many households are buying their homes and couples with children make up 45.9% of families; housing ranges from timber weatherboard cottages and older farmhouses to larger rural-residential blocks, and everyday life is marked by farm work, outdoor recreation and local events. Regional roads connect residents with nearby centres, and the Traralgon Tyers interconnect project is under construction to link Toongabbie to the Traralgon water supply.

Question 2

Is it expensive to live in Toongabbie?

Accepted Answer

There haven't been enough recent sales or rentals in Toongabbie to publish reliable median house or unit prices or average rents. Without those figures, it's not possible to say how expensive housing in Toongabbie is compared with local incomes. For reference, the typical local household earned $1,732 a week at the most recent Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Toongabbie a good place to invest?

Accepted Answer

Median house values in Toongabbie fell 9.2% over the last 12 months, a solid decline in capital value for houses. There isn't enough recent data here to report how rents or unit values moved.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-9.2%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	97	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	VIC
Median age years	39	38
Median household income weekly	$1,732	$1,759
Couples with children share of families	45.9%	45.5%
Couples without children share of families	41.6%	37.6%
One-parent families share of families	12.5%	15.2%
Homes owned outright share of homes	40.4%	33.2%
Homes with a mortgage share of homes	55.9%	37.3%
Homes rented share of homes	3.7%	29.5%

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