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Thurgoona, NSW 2640

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$740,000

market range $700K-$825K

Median Unit

$250,000

market range $200K-$325K

Gross Yield (houses)

4.3%

1yr Growth (houses)

+10.8%

market range +7.5% to +20.0%

Investment snapshot for Thurgoona

Thurgoona has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Thurgoona market and investor summary

In Thurgoona, NSW 2640, the median house sells for around $740K, on a gross rental yield of 4.3% for houses. House prices have moved +10.8% over the past year and +19.9% over three years. At 2.3% vacancy, it is a broadly balanced rental market.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.3% is neither a standout cashflow play nor a pure growth bet.

Living in Thurgoona: people, income and schools

About 11,028 people live in Thurgoona, and the area has been growing steadily, up about 12% over five years. At a median age of 34, it reads as broadly working-age, and 72% of homes are owner-occupied.

The typical household income runs to around $102,000 a year (about $1,950 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 7.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.

Families have 7 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 22 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
11,028
+12% over 5yr
Median age
34 years
Median household income
$102,000/yr
Households renting
25%
Family households
79%
Socio-economic rank
6/10
ABS advantage index
Schools within 5km
7
avg ICSEA 1067
Unemployment
4.1%
Walk score
22/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Thurgoona

No properties currently listed in Thurgoona

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Frequently asked questions about Thurgoona

What should I check before investing in Thurgoona?

Thurgoona has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 10.4%, before expenses, tax and loan costs. Capital growth of +10.8% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Thurgoona?

The median property price in Thurgoona, NSW 2640 is $740K for houses and $250K for units.

What rental yield does Thurgoona show?

The gross rental yield in Thurgoona is 4.3% for houses and 10.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Thurgoona?

House prices in Thurgoona are up 10.8% over the past year and up 19.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Thurgoona?

The current vacancy rate in Thurgoona is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.

How many people live in Thurgoona?

Thurgoona has a population of approximately 11,028 residents, with a median age of 34.

What schools are near Thurgoona?

There are 7 schools within roughly 5km of Thurgoona. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Thurgoona affordable to buy in?

A median house in Thurgoona costs about 7.3 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Thurgoona's population growing?

The population of Thurgoona has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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