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Toora, VIC 3962
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$765,000
list-price estimate
Median Unit
$450,000
Gross Yield (houses)
4.8%
1yr Growth (houses)
+4.6%
market range +0.0% to +12.5%
Investment snapshot for Toora
Toora has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Toora market and investor summary
In Toora, VIC 3962, houses show a gross rental yield of 4.8%. House prices have moved +4.6% over the past year and -15.6% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking. Houses also take time to sell, around 196 days on market, so plan for a slower exit if you ever need one.
Living in Toora: people, income and schools
Toora is home to around 713 people, a number that has held fairly steady over five years. At a median age of 53, it reads as an older, established demographic, 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.
The typical household income runs to around $49,000 a year (about $940 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10).
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 8 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 713
- +4% over 5yr
- Median age
- 53 years
- Median household income
- $49,000/yr
- Households renting
- 19%
- Family households
- 62%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 987
- Unemployment
- 2.7%
- Walk score
- 8/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Toora
No properties currently listed in Toora
Search Toora listings →Frequently asked questions about Toora
What should I check before investing in Toora?
Toora has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +4.6% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Toora?
The median property price in Toora, VIC 3962 is $450K for units.
What rental yield does Toora show?
The gross rental yield in Toora is 4.8% for houses and 2.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Toora?
House prices in Toora are up 4.6% over the past year and down 15.6% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Toora?
The current vacancy rate in Toora is 1.0%. 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 Toora?
Toora has a population of approximately 713 residents, with a median age of 53.
What schools are near Toora?
There are 1 school within roughly 5km of Toora. 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 Toora's population growing?
The population of Toora has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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