Property value increases in Tootgarook have tracked higher than the VIC average of 9.78% over the last 12 months.
Taking the average capital gain, or increase in median house value, Tootgarook,3941 has racked up an average of 18.89% over the period. This ranks it number 1360th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Tootgarook are currently offering property investors an average price cut of -5.64% below the asking price at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 7.78%.