Tootgarook

POSTAL CODE: VIC, 3941

HOUSE

Property investors have seen a -0.68% drop in TOOTGAROOK based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains TOOTGAROOK, 3941 saw average growth in the long term.

The VIC suburb 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 $879,000

Profits averaged 0.33% per annum over a 3-year period, due to an upward trend in home prices in TOOTGAROOK, 3941.

This means, real estate investors could earn a rental income of $585 based on current median home prices for the suburb.

The gross rental yield in TOOTGAROOK, 3941 is 3.46%.

An average of 8.17 real estate transactions take place per month in TOOTGAROOK which translates to 98 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$879,000	N/A
Growth Report
Median Quarterly	-0.68%	N/A
Median 12 month	4.02%	N/A
Median 3 years	1.03%	N/A
Median 5 years	17.2%	N/A
10 years average annual	7.93%	N/A
Weekly media advert. rent	$585	N/A
Time on Market	61.2 days	N/A
Gross Rental Yield Percent	3.46%	N/A

Demographics (Median Values)*

Total Population 12172

Weekly Household Income 1067

Household Size 2.30

Average Age 46

Monthly Loan Repayment 1560

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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