Get a property report and suburb profile for any property in Turramurra

Turramurra is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the lush surroundings of Sydney's Upper North Shore, Turramurra is known for its tranquil vibe and charming streetscapes. The suburb is a haven for families, offering a strong sense of community and a lifestyle that balances the beauty of nature with the convenience of urban living.

Families are particularly drawn to Turramurra due to its excellent educational facilities and the abundance of parks and recreational spaces. The suburb's proximity to national parks provides ample opportunities for outdoor activities, while the local amenities, including shops and cafes, ensure that residents have everything they need close at hand. Safety is generally not a concern, contributing to the suburb's appeal as a peaceful retreat from the city's hustle and bustle.

While Turramurra offers a fantastic lifestyle, there are a few trade-offs to consider. The suburb's desirability and spacious homes mean that property prices can be on the higher side, which might be a consideration for those on a tighter budget. Additionally, while the suburb is well-connected by public transport, the commute to the CBD can be lengthy during peak hours. However, for those who prioritize a serene environment and a strong community feel, Turramurra is an exceptional choice.

Living in Turramurra is on the pricier side, especially when it comes to housing. The median house price is a staggering $3,302,500, which is significantly higher compared to many other suburbs in the region. For those considering units, the median price is around $970,000, still a substantial investment. If you're thinking about renting, houses average about $1,172 per week, and units are approximately $720 weekly.

When we look at the income side of things, the average wage in Turramurra is approximately $132,000 per year, which is quite healthy. However, when you compare this to the median household income of $3,046 per week, it becomes clear that a significant portion of earnings would go towards housing costs, whether buying or renting. This is particularly notable when compared to the average wage across New South Wales, suggesting that while Turramurra residents generally earn more, the cost of living, especially housing, is also much higher.

Overall, Turramurra offers a beautiful and serene environment with its leafy streets and family-friendly vibe. However, the cost of living, particularly in terms of real estate, is quite high, and it's important for anyone considering moving to the area to evaluate their financial situation carefully to ensure they can comfortably afford the lifestyle this suburb offers.

Turramurra presents an interesting opportunity for investors, particularly those looking at the unit market. Over the past year, the median unit value in Turramurra has increased by 7.3%, which is quite impressive compared to the modest 0.8% rise in house values. This suggests a growing demand for units, possibly driven by affordability factors and lifestyle preferences. The rental market also shows positive signs, with house rents increasing by 6.6%, indicating strong demand for family homes in the area.

While the rental increase for units is a bit lower at 2.9%, the significant rise in unit values suggests that there is potential for capital growth in this segment. Turramurra's appeal lies in its leafy environment, excellent schools, and convenient transport links, making it a desirable location for families and professionals alike. This combination of factors contributes to a stable and attractive investment environment.

Overall, Turramurra offers a balanced investment opportunity. While houses provide steady rental income and appeal to long-term tenants, units are showing strong capital growth potential. This makes Turramurra a suburb worth considering for investors looking to diversify their portfolio with both steady rental returns and potential for property appreciation.