The Toongabbie Area’s Past, Present and Future
The Low Down On The Toongabbie Area (Executive Summary)
Located in the Greater Western Sydney region roughly 30km from the CBD, Toongabbie is a thriving suburb with enormous potential. It’s affordable and close to essential services such as medical facilities, childcare centres and parks, and these benefits have not gone unrecognised by the many young professionals choosing to move to the area. A side effect of this growth has additionally resulted in new developments and upgrades for childcare centres, parks and play equipment.
Toongabbie offers many practical advantages, however, there are also excellent restaurants, local events and nearby attractions such as Wet’n’Wild and Eastern Creek Raceway. Furthermore, there are proposals for a zoo in the Western Sydney Parklands at Bungarribee, as well as a lagoon with a wave machine that creates a consistent point break wave at Sydney Olympic Park.
Our Proud History
Toongabbie was the 3rd mainland settlement (after Sydney and Parramatta) during the British colonisation of Australia. In 1791, Governor Phillip started a government farm and convict farm to grow food for the colony, and by December that year, there were over 500 convict men working to clear the bushland. After 11 years, the government farm was shut down and the property was given as grants to settlers and convicts who had served their time.
The Current Situation
Today the Toongabbie area has new migrants from India, Sri Lanka and a large variety of other nationalities, which adds a wonderful diversity to the area and helps create a unique and welcoming community.
Toongabbie is currently experiencing strong growth due to its close proximity to employment hubs, highways, quality cafes, international cuisines, Parramatta and Westmead health precinct. One of the key drivers of this growth, however, is the area’s selective and expanding private schools. This has encouraged fierce competition to buy within the catchment areas and has even resulted in these catchment areas reducing in size.
With the area’s price growth and new development, as well as Sydney’s traffic congestion, Toongabbie has transformed from a ‘stepping stone’ location to a ‘nest and invest’ location. More and more, people with higher incomes are buying in the area to rebuild or renovate, and potential sellers are opting to renovate and stay rather than sell.
Back To The Future
With further development of the area, such as the $1 billion redevelopment of Westmead Hospital (health precinct) and millions of dollars being poured into Parramatta, there is a strong indication that the appeal of Toongabbie will continue to grow. Benefits of this spending boom are already being realised as Wentworthville, Pendle Hill and Toongabbie train stations are being upgraded.
What We Think In Summary Form
With immigration, infrastructure upgrades, improved public transport, competitive schools, growing demand and reducing supply, and more jobs moving to Western Sydney, Toongabbie is fast becoming a homebuyer’s hot spot.
Disclaimer; We Don’t Have A Time Machine, So Please Make Up Your Own Mind
Be aware that interest rates, property market cycles and the economy play a part in the ups/downs of property values, and think of property as a long-term investment.
About Jhai Mitchell
Jhai is an award winning Internet Marketing Real Estate Agent for Elders Toongabbie and Kings Langley. After running his own internet marketing business he has now set his own sites for the real estate industry. He observed that 90% of real estate agents did not know how to market themselves online. Jhai is now fixed on one goal. To teach real estate agents that they can market online so much better than they currently are.
Since then he has been consistently quoted in the Sydney Morning Herald and Real Estate Business online. He is a regular guest blogger on TheHomePage.com.au, sharing his expertise of marketing aspects for the Real Estate Industry. His biggest passions are his wife, martial arts, dogs and most of all property.