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Canley Heights vs Toongabbie

Property investment comparison - Canley Heights, NSW 2166 vs Toongabbie, NSW 2146

Head-to-head across core investment metrics: Canley Heights wins 2, Toongabbie wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCanley HeightsToongabbie
Median house price$1.4M$1.4M
Median unit price$730K$605K
Gross rental yield (houses)2.79%-
Gross rental yield (units)4.83%5.55%
1-year house growth+8.2%estimate+7.9%
3-year house growth-+8.4%
Vacancy rate1.4%2.4%
Population12,32016,177

Canley Heights vs Toongabbie: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.4M in Canley Heights and $1.4M in Toongabbie.

For units, Canley Heights sits at a median of $730K against $605K in Toongabbie, which makes Toongabbie the more affordable unit market and Canley Heights the pricier one.

Over the past year house prices moved +8.2% in Canley Heights (an estimate) and +7.9% in Toongabbie, so recent momentum favours Canley Heights, although both suburbs recorded growth.

Rental vacancy is 1.4% in Canley Heights and 2.4% in Toongabbie, so landlords in Canley Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Toongabbie is the bigger suburb, with a population of 16,177 against 12,320, larger than Canley Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Canley Heights for recent price momentum, Canley Heights for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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