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Toronto suburb profile

Toronto is a picturesque suburb located on the western shores of Lake Macquarie in New South Wales, offering a serene lakeside lifestyle. Known for its stunning waterfront views and relaxed atmosphere, Toronto is a popular destination for families, retirees, and nature enthusiasts. The suburb features a vibrant town centre with a variety of shops, cafes, and essential services, as well as recreational facilities like parks and walking trails. With its close-knit community, excellent schools, and easy access to Newcastle and the Hunter Valley, Toronto provides a perfect blend of tranquility and convenience.

Toronto property market performance

Current median dwelling price$761,375Past 3 months

Property growth-1.7%Past 12 months

Toronto’s property market has shown robust growth over the past 12 months, with house values increasing by 9% and the median house price averaging $794,000. There has been no change in unit values, with minimal sales activity in that segment.

In the past three months, 22 houses were sold, while only 3 units moved. Houses are selling relatively briskly, spending a median of 40 days on the market compared to units lingering at 120 days, which highlights the stronger demand for houses in the area.

Rental prices in Toronto have seen significant rises over the last year. House rents increased by 12.7%, while unit rents went up by 7.1%, indicating strong rental demand for both property types.

HousesUnits
Median price
Past 3 months
$794KN/A
Change in value
Past 12 months
9.0%-12.4%
Sold
Past 3 months
223
Median days on market
Past 12 months
40120
Average rent
Past 12 months
$620$525
Change in rent
Past 12 months
12.7%7.1%

5 year median price trend for houses and units

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Toronto demographics

Toronto, located in the picturesque Lake Macquarie region of New South Wales, offers a serene lifestyle with a strong sense of community. Known for its beautiful lakeside views and relaxed atmosphere, Toronto is a popular choice for retirees and families seeking a quieter pace of life. The median age of 50 reflects a mature population, with many residents enjoying the suburb's natural beauty and recreational opportunities.

Housing in Toronto is characterized by a significant proportion of properties owned outright, at 38.9%, indicating a stable and established community. Additionally, 24.9% of homes are owned with a mortgage, while 36.2% are rented, providing a balanced mix of ownership and rental options. This diversity in housing caters to a range of residents, from long-term homeowners to those seeking rental flexibility.

Family dynamics in Toronto are varied, with 28.5% of families being couples with children and 44.5% being couples without children. One-parent families make up 25.1% of the community, highlighting the suburb's inclusive nature. The median total household income of $1170 per week suggests a modest yet comfortable living standard, aligning with the suburb's appeal to those seeking a peaceful and affordable lifestyle away from the hustle and bustle of larger cities.

Toronto infrastructure, key developments and investment opportunities

Toronto’s lakeside foreshore has seen notable recent upgrades, with the historic Toronto Baths fully refurbished in October 2024, including new jetty decking, safety netting, multiple entry points, and an accessible ramp, significantly enhancing recreational amenity for families and retirees.[4][6] These improvements, together with the revitalised waterfront promenade, foreshore playground and nearby café strip, are likely to support buyer demand for homes within walking distance of the lake and contribute to long-term lifestyle appeal.[4][6]

Local planning by Lake Macquarie Council continues to emphasise walkability, public open space and foreshore activation, which generally underpins values for properties close to town centre services and the waterfront.[1][5] With established supermarkets, schools and community facilities already in place and no major new transport corridors or disruptive infrastructure announced, current changes in Toronto are more focused on incremental amenity upgrades than large-scale redevelopment, favouring steady, lifestyle-driven growth rather than sudden market shifts.[1][7]

Toronto rental market trends

The rental market in Toronto has experienced steady growth, with house rents increasing by 12.7% over the past year to $620 per week, and unit rents rising 7.1% to $525 per week. With its appealing lakeside location and expanding amenities, Toronto offers strong rental appeal and investment potential in a competitive market.

Suburbs near Toronto

Some popular suburbs near Toronto include:

  • Kilaben Bay: Known for its serene lakeside views and natural bushland, Kilaben Bay is located directly south of Toronto.
  • Blackalls Park: Offering a peaceful residential atmosphere with access to local parks, Blackalls Park is situated to the west of Toronto.
  • Bolton Point: Known for its picturesque waterfront and community vibe, Bolton Point lies to the northeast of Toronto.
  • Fennell Bay: Featuring a mix of residential areas and scenic water views, Fennell Bay is located to the north of Toronto.
  • Rathmines: Known for its historical significance and recreational facilities, Rathmines is situated to the southeast of Toronto.

How does Toronto compare to nearby suburbs?

  • Median house prices: Toronto’s median house price is 34.7% lower than Kilaben Bay’s.
  • House price growth: Over the past 12 months, house prices in Toronto have grown 0.8% higher than in Fennell Bay.
  • Selling speed for houses: Properties in Toronto are selling 11.1% faster than in Kilaben Bay.
  • Selling speed for units: Properties in nearby Blackalls Park are selling 55.0% faster than in Toronto.

Common questions about Toronto

  • Is Toronto a nice place to live?

    Toronto is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to live. Nestled on the western shores of Lake Macquarie, it boasts a serene lakeside lifestyle that is perfect for families and retirees alike. The suburb is known for its beautiful natural surroundings, providing residents with ample opportunities to enjoy outdoor activities such as walking, cycling, and picnicking in the many parks and trails. The vibrant town centre is home to a variety of shops, cafes, and essential services, ensuring that all your daily needs are met without having to venture far.

    Families will find Toronto particularly appealing due to its excellent schools and strong sense of community. The suburb's relaxed atmosphere and picturesque setting make it an ideal environment for raising children. Safety is generally not a major concern, contributing to the suburb's family-friendly reputation. While Toronto may not offer the bustling nightlife of a larger city, its proximity to Newcastle and the Hunter Valley means that more extensive dining and entertainment options are just a short drive away.

    One trade-off of living in Toronto is that, while it offers a peaceful lifestyle, it may not suit those seeking the fast-paced energy of urban living. Additionally, the housing market is characterized by a mix of ownership and rental options, which provides flexibility but may also mean competition for desirable properties. However, for those who value a serene environment with a strong community feel, Toronto is a delightful choice that balances natural beauty with the convenience of modern amenities.

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  • Is it expensive to live in Toronto?

    Living in Toronto, a suburb nestled on the picturesque Lake Macquarie near Newcastle, can be moderately expensive, especially when considering housing costs. The median house price in Toronto is around $794,000. This price is relatively high when compared to the average yearly salary in New South Wales, which is about $85,000. With such property prices, purchasing a home in Toronto might require a significant financial commitment.

    For those considering renting, the average rent for houses is approximately $620 per week, while units, although less common, average around $525 weekly. These rental prices suggest that a substantial portion of one's income would need to be allocated to housing costs, especially when the median total household income in Toronto is about $1,170 per week. This can make living in Toronto a bit challenging for those earning around the state average salary.

    Overall, Toronto offers a serene lakeside lifestyle with the charm of a smaller community, but it's important to weigh these lifestyle benefits against the financial demands of living in this suburb. If you're thinking of living in Toronto, it's essential to consider your budget and ensure it aligns with the area's housing expenses.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Toronto a good place to invest?

    Toronto is showing promising signs as a potential investment hotspot. Over the past year, the suburb has experienced a notable 9.0% increase in median house values, indicating strong demand and a healthy property market. This growth suggests that Toronto is becoming increasingly attractive to buyers, which could be due to its appealing lifestyle and amenities. While the median unit values have remained stable, the rental market tells a different story, with house rents surging by 12.7% and unit rents by 7.1%. This rise in rental prices highlights a robust demand for rental properties, making it an appealing option for investors seeking rental income.

    Toronto's steady increase in house values and significant rental growth suggest that it offers a balanced mix of capital appreciation and rental yield potential. The suburb's stability in unit values might appeal to those looking for a less volatile investment, while the strong rental market provides opportunities for consistent income. Overall, Toronto's combination of rising house values and rental demand makes it a compelling choice for investors looking for a suburb with both growth potential and reliable returns.

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Choose the right real estate agents in Toronto

Choosing the right real estate agent in Toronto can have a big impact on your sale. While there are 39 real estate agents working in the suburb, but just 5 of them were responsible for 46.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.92% to 2.88%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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