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Toolern Vale, VIC 3337
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$635,000
list-price estimate
Median Unit
$660,000
Gross Yield (houses)
2.5%
1yr Growth
-
Investment snapshot for Toolern Vale
Toolern Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Toolern Vale market and investor summary
In Toolern Vale, VIC 3337, houses show a gross rental yield of 2.5%. At 3.3% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 83 days on market, so plan for a slower exit if you ever need one.
Living in Toolern Vale: people, income and schools
Toolern Vale has a resident population of roughly 818, a number that has held fairly steady over five years. At a median age of 44, it reads as skewed a little older, and 89% 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 $99,000 a year (about $1,910 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 3 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Toolern Vale sits about 40 km from the CBD. It is fairly car-dependent; the suburb scores 3 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 818
- +4% over 5yr
- Median age
- 44 years
- Median household income
- $99,000/yr
- Households renting
- 11%
- Family households
- 54%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 957
- Unemployment
- 8.7%
- Distance to CBD
- 40 km
- Walk score
- 3/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Toolern Vale
View all →Frequently asked questions about Toolern Vale
What should I check before investing in Toolern Vale?
Toolern Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Toolern Vale?
The median property price in Toolern Vale, VIC 3337 is $660K for units.
What rental yield does Toolern Vale show?
The gross rental yield in Toolern Vale is 2.5% for houses and 3.0% 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 Toolern Vale?
The current vacancy rate in Toolern Vale is 3.3%. 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 Toolern Vale?
Toolern Vale has a population of approximately 818 residents, with a median age of 44.
What schools are near Toolern Vale?
There are 3 schools within roughly 5km of Toolern Vale. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Toolern Vale's population growing?
The population of Toolern Vale has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Toolern Vale from the CBD?
Toolern Vale is about 40 km from the CBD.
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