Toronto Property Investment Suburb Profile

Are you considering an investment in Toronto, NSW? In this suburb profile we provide an overview of median sale price trends, trend in weekly rental income, and an overview of rental demand.

​Data provided is from a variety of sources, including CoreLogic RP Data, the Australian Bureau of Statistics, and RealEstate.com.au. This information is intended as a guide and not financial advice. Please discuss your individual investment goals and circumstances with your accountant and/or financial advisor before taking any action. 

Toronto - Location Overview

​Toronto is a lakeside suburb in the city of Lake Macquarie in New South Wales, Australia. It is located approximately 28 kilometres from Newcastle's CBD and is the main commercial and transport hub for suburbs on the western side of Lake Macquarie. 

Toronto has three public schools: Toronto High School, Toronto Primary School, and Biraban Public School. It also has three private schools: Charlton Christian College, St. Joseph's Primary School and Toronto Adventist Primary School.

Coles, Woolworths and Aldi supermarkets are all located in Toronto, as are many thriving cafes, clothing and boutique stores. 

Toronto has a private hospital, polyclinic and healthcare centre, and a Court House which  serves the western Lake Macquarie area.

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Toronto Median Sale Price Trend

Toronto 3 bedroom houses 

• As at 13 November 2018, the median sales price for 3 bedroom houses in Toronto in the last year was $440,000 based on 55 home sales
• Compared to the same period five years ago, the median house sales price for 3 bedroom houses increased 39.2% 
• This equates to a compound annual growth rate of 6.8%.

Toronto 4 bedroom houses 

• As at 13 November 2018, the median sales price for 4 bedroom houses in Toronto in the last year was $547,500 based on 26 home sales
• Compared to the same period five years ago, the median house sales price for 4 bedroom houses increased 27.9% 
• This equates to a compound annual growth rate of 5.0%

Historical trend of median sales growth for 3 and 4 bedroom houses in Toronto is shown in the below chart. 

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Toronto Weekly Rental Income Trend 

Houses

• The median weekly rent for a 4 bedroom home in Toronto is $445pw as at 9 November 2018, based on 23 property listings in the preceding 12 months
• The median weekly rent for a 3 bedroom home is $380pw, based on 63 property listings
• The median weekly rent for a 2 bedroom home is $335pw, based on 29 property listings

Units

• The median weekly rent for a 2 bedroom unit is $375pw, based on 19 property listings
• The median weekly rent for a 1 bedroom unit is $205pw, based on 14 property listings

Historical annual trend of weekly rents for each of these property types is shown in the chart below. Interestingly, the chart shows that based on the calendar year 2017, median rent for 2 bedroom units surpassed 2 bedroom houses and 3 bedroom houses. This is typically due to the higher quality modern fixtures of recently-built 2 bedroom units, against the 2 and 3 bedroom houses which are older and many offered in original condition. 

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Rental Demand in Toronto

​Houses

• There have been an average 877 visits per listing per month of 4 bedroom rental homes in Toronto (based on realestate.com.au data over the 12 months to 9 November 2018), which is evidence of strong demand
• 3 bedroom houses have received an average 776 views per month
• 2 bedroom houses have received an average 748 views per month

Units

• 3 bedroom units have achieved an average 724 views per month
• 2 bedroom units have achieved an average 447 views per month
• 1 bedroom units have achieved an average 702 views per month

In summary, 4 bedroom rental homes remain the most popular, with marginal difference in interest across the remainder of property types with the exception of 2 bedroom units, which are viewed significantly less. 

Historical trend of rental demand for each of the above property types is shown in the charts below. From this it can also be seen that interest in 2 bedroom houses has been declining over the past year. 

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Toronto Investment Property Management

​We are highly experienced in managing investment properties in the Toronto and western Lake Macquarie area, including in nearby suburbs such as Carey Bay, Booragul and Teralba.  

If you have any questions regarding rental property management and our experience in the Toronto rental market, or you would like a no-obligation rental appraisal of a property in Toronto, contact us at any time. ​