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Tootgarook, VIC 3941
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$885,000
market range $850K-$925K
Median Unit
$580,000
list-price estimate
Gross Yield (houses)
3.4%
1yr Growth (houses)
-0.7%
market range -10.0% to +7.5%
Investment snapshot for Tootgarook
Tootgarook has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tootgarook market and investor summary
Tootgarook (VIC 3941) runs a median house price of $885K, with houses yielding a gross 3.4%. House prices have moved -0.7% over the past year. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Tootgarook: people, income and schools
Tootgarook has a resident population of roughly 3,178, a number that has held fairly steady over five years. The median age is 46, skewed a little older, and families account for 67% of households.
Households here earn a median of about $67,000 a year, or roughly $1,290 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 13.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 8 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 64 km from the CBD. It is fairly car-dependent; the suburb scores 11 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,178
- +5% over 5yr
- Median age
- 46 years
- Median household income
- $67,000/yr
- Households renting
- 28%
- Family households
- 67%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 991
- Unemployment
- 3.6%
- Distance to CBD
- 64 km
- Walk score
- 11/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tootgarook
No properties currently listed in Tootgarook
Search Tootgarook listings →Frequently asked questions about Tootgarook
What should I check before investing in Tootgarook?
Tootgarook has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Tight rental market (1.5% 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 Tootgarook?
The median property price in Tootgarook, VIC 3941 is $885K for houses.
What rental yield does Tootgarook show?
The gross rental yield in Tootgarook is 3.4% for houses and 4.8% 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 Tootgarook?
House prices in Tootgarook are down 0.7% over the past year. 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 Tootgarook?
The current vacancy rate in Tootgarook is 1.5%. 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 Tootgarook?
Tootgarook has a population of approximately 3,178 residents, with a median age of 46.
What schools are near Tootgarook?
There are 8 schools within roughly 5km of Tootgarook. 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 Tootgarook affordable to buy in?
A median house in Tootgarook costs about 13.2 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 Tootgarook's population growing?
The population of Tootgarook has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Tootgarook from the CBD?
Tootgarook is about 64 km from the CBD.
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