Suburb Profile Report for Tootgarook VIC (3941)

Tootgarook House: Median price $460,000, Annual capital growth 6.34%, Number of sales 128, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property value increases in Tootgarook have tracked just higher than the VIC average of 8.06% over the last 12 months.

A 23.66% growth in median value for property investors in Tootgarook,3941 puts this suburb at number 502th in terms of best performing suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Tootgarook, 3941. Typically our figures indicate that -6.75% is being offered, which puts this VIC suburb at 1404th most discounted overall in Australia.

On average over the past year, suburb has had 10.67 sales per month, which equates to 128 per year.

With the median price for a house in Tootgarook being $460000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.84%

HOUSE UNIT
$460,000 N/A
0.00% N/A
13.93% N/A
6.34% N/A
$340 N/A
128 N/A
3.84% N/A
67.9 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2695
Median household income ($/weekly) 776
Median age of persons 43
Median housing loan repayment ($/monthly) 1597
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 314 11.7
    35-44 years 372 13.8
    45-54 years 318 11.8
    55-64 years 328 12.2
    65-74 years 380 14.1
    Others 983 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 865 46.4
    Not Married 791 42.4
    Defacto Relationship 208 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2025 82.4
    Hong Kong 34 1.4
    Japan 73 3.0
    Papua New Guinea 34 1.4
    United Kingdom 141 5.7
    Others 150 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 34 1.5
    Christianity 1404 61.1
    Hinduism 6 0.3
    Other Religious Groups 13 0.6
    No Religion 831 36.2
    Others 10 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 113 12.3
    $400-$599 155 16.8
    $600-$799 135 14.7
    $800-$999 94 10.2
    $1,000-$1,249 103 11.2
    Others 320 34.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 921 46.6
    Employed, worked full-time 531 26.8
    Employed, worked part-time 395 20.0
    Employed, away from work 66 3.3
    Unemployed, looking for work 65 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 121 12.2
    Technicians & trades workers 231 23.4
    Community & personal service workers 117 11.8
    Sales 120 12.1
    Labourers 115 11.6
    Others 285 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 52 10.7
    Infants/Primary 213 43.7
    Secondary 114 23.4
    Technical or Further Educational Institution 61 12.5
    University or other Tertiary Institutions 33 6.8
    Others 14 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2228 92.9
    Semi-detached, row or terrace house, townhouse 107 4.5
    Flat, unit or apartment 64 2.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 398 40.1
    Being purchased 306 30.8
    Rented 284 28.6
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals