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Tolmie, VIC 3723
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$965,000
market range $750K-$1.2M
Median Unit
$445,000
Gross Yield (houses)
3.6%
1yr Growth
-
Investment snapshot for Tolmie
Tolmie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tolmie market and investor summary
In Tolmie, VIC 3723, the median house sells for around $965K, on a gross rental yield of 3.6% for houses. At 3.7% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 3.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 168 days on market, so plan for a slower exit if you ever need one.
Living in Tolmie: people, income and schools
Tolmie is home to around 547 people, and the area has been growing steadily, up about 12% over five years. At a median age of 52, it reads as an older, established demographic, and 92% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $70,000 a year (about $1,350 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 a steep 13.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA.
- Population
- 547
- +12% over 5yr
- Median age
- 52 years
- Median household income
- $70,000/yr
- Households renting
- 7%
- Family households
- 78%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1059
- Unemployment
- 2.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tolmie
No properties currently listed in Tolmie
Search Tolmie listings →Frequently asked questions about Tolmie
What should I check before investing in Tolmie?
Tolmie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 9.4%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tolmie?
The median property price in Tolmie, VIC 3723 is $965K for houses and $445K for units.
What rental yield does Tolmie show?
The gross rental yield in Tolmie is 3.6% for houses and 9.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Tolmie?
The current vacancy rate in Tolmie is 3.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Tolmie?
Tolmie has a population of approximately 547 residents, with a median age of 52.
What schools are near Tolmie?
There are 1 school within roughly 5km of Tolmie. 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 Tolmie affordable to buy in?
A median house in Tolmie costs about 13.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Tolmie's population growing?
The population of Tolmie 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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