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Toolleen, VIC 3551
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$495,000
Median Unit
$460,000
Gross Yield (units)
5.6%
1yr Growth
-
Investment snapshot for Toolleen
Toolleen has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Toolleen market and investor summary
Toolleen (VIC 3551) runs a median house price of $495K. At 0.9% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.
Living in Toolleen: people, income and schools
Toolleen is home to around 221 people, and the area has been growing steadily, up about 13% over five years. The median age is 46, skewed a little older, and 80% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $74,000 a year, or roughly $1,430 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Getting around leans on public transport or a car; the suburb scores 2 for transit out of 100.
- Population
- 221
- +13% over 5yr
- Median age
- 46 years
- Median household income
- $74,000/yr
- Households renting
- 8%
- Family households
- 72%
- Socio-economic rank
- 8/10
- ABS advantage index
- 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 Toolleen
No properties currently listed in Toolleen
Search Toolleen listings →Frequently asked questions about Toolleen
What should I check before investing in Toolleen?
Toolleen has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.6%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (0.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Toolleen?
The median property price in Toolleen, VIC 3551 is $495K for houses and $460K for units.
What rental yield does Toolleen show?
The gross rental yield in Toolleen is 5.6% 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 Toolleen?
The current vacancy rate in Toolleen is 0.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Toolleen?
Toolleen has a population of approximately 221 residents, with a median age of 46.
Is Toolleen affordable to buy in?
A median house in Toolleen costs about 6.7 times the median local household income (broadly in line with metropolitan Australia). 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 Toolleen's population growing?
The population of Toolleen has grown about 13% 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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