Eynesbury vs Toongabbie
Property investment comparison - Eynesbury, VIC 3338 vs Toongabbie, VIC 3856
Head-to-head across core investment metrics: Eynesbury wins 0, Toongabbie wins 5. 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.
| Metric | Eynesbury | Toongabbie |
|---|---|---|
| Median house price | $685K | $685K |
| Median unit price | $765K | $560K |
| Gross rental yield (houses) | 3.43% | 4.23% |
| Gross rental yield (units) | 3.16% | 3.68% |
| 1-year house growth | -7.8% | +7.3%estimate |
| 3-year house growth | +2.3% | - |
| Vacancy rate | 6.8% | 5.9% |
| Population | 2,838 | 1,085 |
Eynesbury vs Toongabbie: what the numbers say
Houses cost about the same in both suburbs: the median house price is $685K in Eynesbury and $685K in Toongabbie.
For units, Eynesbury sits at a median of $765K against $560K in Toongabbie, which makes Toongabbie the more affordable unit market and Eynesbury the pricier one.
On cash flow, Toongabbie leads: houses there return a gross rental yield of 4.23%, compared with 3.43% in Eynesbury, a gap of 0.80 percentage points.
Over the past year house prices moved -7.8% in Eynesbury and +7.3% in Toongabbie (an estimate), so recent momentum favours Toongabbie, while Eynesbury went backwards.
Rental vacancy is 5.9% in Toongabbie and 6.8% in Eynesbury, so landlords in Toongabbie face less competition for tenants.
Eynesbury is the bigger suburb, with a population of 2,838 against 1,085, roughly 2.6 times the size of Toongabbie; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Toongabbie for rental income, Toongabbie for recent price momentum, Toongabbie for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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