Toora is a small community in Victoria within the South Gippsland local government area (postcode 3962). 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. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Toora is $450,000, having increased 4.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.6%. 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.
From an investment perspective, Toora offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved +4.7% year-on-year.
Toora is a small community in Victoria within the South Gippsland local government area (postcode 3962). 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. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Toora is $450,000, having increased 4.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.6%. 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.
From an investment perspective, Toora offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved +4.7% year-on-year.