Lakemba vs Old Toongabbie
Property investment comparison - Lakemba, NSW 2195 vs Old Toongabbie, NSW 2146
Head-to-head across core investment metrics: Lakemba wins 1, Old Toongabbie wins 1. 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 | Lakemba | Old Toongabbie |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $540K | - |
| Gross rental yield (houses) | 2.77% | - |
| Gross rental yield (units) | 5.32% | - |
| 1-year house growth | +2.3%estimate | +6.5%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 1.6% |
| Population | 17,092 | 3,276 |
Lakemba vs Old Toongabbie: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.5M in Lakemba and $1.5M in Old Toongabbie.
Over the past year house prices moved +2.3% in Lakemba (an estimate) and +6.5% in Old Toongabbie (an estimate), so recent momentum favours Old Toongabbie, although both suburbs recorded growth.
Rental vacancy is 1.5% in Lakemba and 1.6% in Old Toongabbie, so landlords in Lakemba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lakemba is the bigger suburb, with a population of 17,092 against 3,276, roughly 5 times the size of Old Toongabbie; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Old Toongabbie for recent price momentum, Lakemba 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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Old Toongabbie, NSW 2146
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