Tooborac is a sparsely populated locality in Victoria within the Mitchell local government area (postcode 3522). With a population of 319, the suburb has an older-leaning population with a median age of 49. Households earn a median income of $71K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, professionals. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
The current median weekly rent is $460. The median monthly mortgage repayment is $1,313.
Public transport access includes 2 bus stops. The crime rate in the Mitchell LGA is higher than average at 9,406 incidents per 100,000 population.
On the investment side, Population growth of +4.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.