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Tootgarook
AREA REPORTS

Tootgarook

Tootgarook - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3941

house

Property investors have seen a 7.92% gain in TOOTGAROOK based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on TOOTGAROOK, 3941 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 27.57%.

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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $893,000

Profits averaged 17.33% 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 $450 based on current median home prices for the suburb.

The gross rental yield in TOOTGAROOK, 3941 is 2.62%.

An average of 10.5 real estate transactions take place per month in TOOTGAROOK which translates to 126 per annum.

Data report can be found below

Tootgarook
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $893,000 N/A
GROWTH REPORT
Median Quarterly 7.92% N/A
Median 12 month 27.57% N/A
Median 3 years 52% N/A
Median 5 years 87.8% N/A
10 years average annual 9.59% N/A
Weekly media advert. rent $450 N/A
Time on Market 24.0 days N/A
Gross Rental Yield Percent 2.62% N/A
demographics (median values)*
Total Population
12172
Weekly Household Income
1067
Household Size
2.30
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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