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Toongabbie suburb profile

Toongabbie is a quaint rural town in Victoria, nestled in the Latrobe Valley region, known for its rich history and serene landscapes. Established during the gold rush era, it retains a charming village atmosphere with heritage buildings and a close-knit community. The town offers a peaceful lifestyle, surrounded by lush farmland and natural beauty, making it ideal for those seeking a tranquil escape from urban life. Toongabbie is also home to the historic Toongabbie Wetlands, providing opportunities for birdwatching and nature walks. Its blend of history, community spirit, and natural allure makes it a unique destination.

Toongabbie property market performance

Toongabbie's property market has remained static over the past 12 months, with no change in median house or unit values. The median house price and unit price both stand at $0, indicating a lack of market activity or data. Over the past three months, only 5 houses have been sold, with no unit sales recorded, reflecting limited transaction volume in the area.

Houses in Toongabbie have a median time on market of 45 days, while there is no data available for units, suggesting a stagnant market. The rental market also shows no movement, with average rents for both houses and units remaining at $0 over the last 12 months, indicating a lack of rental activity or available data.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-3.2%N/A
Sold
Past 3 months
5N/A
Median days on market
Past 12 months
97N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

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Toongabbie demographics

Toongabbie, located in Victoria, is a small and charming suburb that offers a peaceful lifestyle away from the hustle and bustle of larger cities. With a population of just 1,085, it provides a close-knit community atmosphere where residents often know their neighbors. The median age of 39 suggests a balanced mix of young families and more established residents, contributing to a stable and welcoming environment.

The suburb is characterized by a strong sense of home ownership, with a significant 40.4% of properties owned outright and 55.9% owned with a mortgage. This high level of ownership reflects the suburb's appeal to families and individuals seeking long-term stability. The presence of couple families with children, making up 45.9% of the population, highlights Toongabbie's family-friendly nature, while 41.6% of couple families have no children, indicating a diverse demographic.

Rental properties are relatively scarce, with only 3.7% of homes being rented, which underscores the suburb's focus on home ownership. The median total household income of $1,732 per week suggests a comfortable standard of living for its residents. Toongabbie's serene setting, combined with its strong community ties and emphasis on family life, makes it an attractive option for those looking to settle in a tranquil yet connected environment.

Suburbs near Toongabbie

Some popular suburbs near Toongabbie include:

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