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Timboon

POSTAL CODE: VIC, 3268
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 13.64% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $500,000

The augmented property values in the suburb are trailing above the territorial average of 4.52% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of N/A.

Home owners selling their properties and realtors in TIMBOON usually have to wait an average of 74.6 days days before their assets are lifted off the market.

The VIC suburb ranks 743rd on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

It also places places 17th in Australia based on median property value growth during the quarter.

Surburb overview

Timboon is a regional township in south-west Victoria within Corangamite Shire, located about 210 kilometres south-west of Melbourne and approximately 30 kilometres inland from Port Campbell and the Shipwreck Coast. The town serves as a service centre for surrounding agricultural communities and tourism areas in the Great Ocean Road region.

The 2021 Census recorded a population of 1,787 people.

Timboon has strong links to dairy farming, livestock grazing and food production, with agriculture remaining central to the local economy. Tourism has also become increasingly important due to the town’s proximity to coastal attractions along the Great Ocean Road and Twelve Apostles region.

Housing in Timboon mainly consists of detached homes on established residential streets, alongside larger lifestyle and farming properties on the outskirts of town.

Residents access supermarkets, schools, sporting facilities and healthcare services within the township, while larger commercial and medical services are available in Warrnambool and Camperdown. The nearest V/Line rail services operate from Camperdown and Warrnambool, providing passenger connections to Melbourne.

The Timboon Rail Trail is a notable local recreation feature, providing walking and cycling access through surrounding rural landscapes.

Community sport remains an important part of local life, with facilities supporting football, netball, cricket and other recreational activities across the district. 

The surrounding region includes coastal attractions, national parks and scenic drives associated with the Great Ocean Road and Shipwreck Coast tourism corridor.

Timboon continues to operate as an agricultural and tourism-linked regional centre within south-west Victoria. 

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