Toora (postcode 3962) is a small locality in Victoria within the South Gippsland local government area. With a population of 713, the suburb has a mature demographic with a median age of 53. Households earn a median income of $49K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 labourers, managers, professionals. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Scottish.
Toora has a median house price of $450,000, which has moved higher by 4.7% year-on-year. The current median weekly rent is $433. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,000.
Toora is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
On the investment side, Toora shows a gross rental yield of approximately 5.0%, rated as high yield. Property prices sit below the state median ($450K/$875K), which can point to relative value. The price-to-income ratio of 9.3x is considered moderate. House prices have moved +4.7% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.