Toora

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.