At number 497th in the list of Australian suburbs ordered by increase in median house value over the last year, Tootgarook, 3941 is in the top 20% with a property value increase of 16.46% recorded in median house prices.
Comparing Tootgarook,3941 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Tootgarook are currently offering property investors an average price cut of -6.05% below the asking price at the moment.
Residents and property investors in Tootgarook have been waiting around 68.42 days to sell a property.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 6.92%.