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Toora
AREA REPORTS

Toora

Toora - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3962

house

TOORA, 3962 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling TOORA, 3962 values up and netting property investors a capital gain of 29.55% for the past year.

Investors saw the median home price rise to $427,500.

Profits due to an upward trend in home prices in the suburb averaged 27.43% per annum over a 3-year period.

TOORA now ranks at the 15th place on a list of fastest growing suburbs in the territory.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TOORA, homes and units usually stay on listing for an average of 38.3 days.

In 2016, 23 properties were sold in TOORA during the past year, making it the 448th most active market in VIC based on total real estate transactions.

Data report can be found below

Toora
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $427,500 N/A
GROWTH REPORT
Median Quarterly 14.77% N/A
Median 12 month 29.55% N/A
Median 3 years 82.3% N/A
Median 5 years N/A N/A
10 years average annual 22.93% N/A
Weekly media advert. rent N/A N/A
Time on Market 38.3 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
914
Weekly Household Income
844
Household Size
2.00
Age
52
Monthly Loan Repayment
1088
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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