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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$764,375Past 3 months

Property growth-0.8%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
$800KN/A
Change in value
Past 12 months
11.7%-13.4%
Sold
Past 3 months
172
Median days on market
Past 12 months
36120
Average rent
Past 12 months
$620$515
Change in rent
Past 12 months
10.7%4.5%

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.

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 36.5% lower than Kilaben Bay’s.
  • House price growth: Over the past 12 months, house prices in Toronto have grown 5.6% higher than in Fennell Bay.
  • Selling speed for houses: Properties in Toronto are selling 20.0% faster than in Kilaben Bay.
  • Selling speed for units: Properties in nearby Blackalls Park are selling 65.0% faster than in Toronto.

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 46.4% 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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