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Turramurra is a delightful suburb that offers a peaceful and charming lifestyle, making it a wonderful place to live. Nestled on Sydney's Upper North Shore, it is renowned for its lush greenery and tranquil atmosphere, providing a serene escape from the city's hustle and bustle. The suburb is characterized by its spacious family homes and tree-lined streets, creating a picturesque environment that appeals to families and nature lovers alike. With its strong sense of community, Turramurra is a welcoming place where residents enjoy a supportive and friendly atmosphere.

Living in Turramurra means having convenient access to a range of amenities. The suburb is well-connected with public transport options, including a train station, making commuting to the city and surrounding areas straightforward. Families will appreciate the excellent schools in the area, ensuring quality education for children. For those who enjoy outdoor activities, Turramurra's proximity to national parks and green spaces offers plenty of opportunities for recreation and relaxation. The suburb also boasts a selection of cafes and local shops, providing everyday conveniences without the need to venture far.

While Turramurra offers a fantastic lifestyle, there are a few trade-offs to consider. The suburb's peaceful nature means it lacks the vibrant nightlife and entertainment options found in more urban areas. Additionally, the demand for property in this sought-after location can lead to higher housing prices, which may be a consideration for some families. However, the benefits of living in such a serene and community-oriented suburb often outweigh these factors, making Turramurra an appealing choice for those seeking a balanced and fulfilling lifestyle.

Living in Turramurra is generally considered quite expensive, especially when compared to the average living costs in Sydney. The median house price in Turramurra is a hefty $3,270,000, which is significantly higher than many other suburbs in the area. For those considering renting, the average rent for houses is about $1,100 per week, while units are slightly more affordable at $730 per week.

When we look at the income side of things, Turramurra boasts a median weekly household income of $3,447, translating to around $179,000 annually. This is notably higher than the average wage in Sydney, which is approximately $98,000 per year. This higher income level does help offset some of the costs, but the high property prices and rents still mean that living in Turramurra requires a significant financial commitment.

If you are thinking of living in Turramurra, it's important to consider whether your financial situation can comfortably accommodate the high housing costs. While the suburb offers a desirable lifestyle with its leafy streets and family-friendly environment, the cost of living is undeniably on the higher end of the spectrum.

Turramurra is an appealing suburb for investment, particularly for those seeking stability and gradual growth. Over the past year, the suburb has experienced a 3.7% increase in median house values and a more impressive 5.8% rise in unit values. This steady appreciation suggests a resilient market, even amidst broader economic fluctuations. The suburb's leafy environment and family-friendly atmosphere make it a desirable location for both buyers and renters, contributing to its consistent demand.

While rental prices for houses have remained stable, unit rents have increased by 4.3% over the last 12 months, indicating a growing interest in more affordable living options within the suburb. This trend highlights the potential for solid rental returns, particularly for investors focusing on units. Turramurra's charm lies in its balance of suburban tranquility and accessibility to urban conveniences, making it a reliable choice for those looking to invest in a suburb with enduring appeal and moderate growth potential.