Tootgarook is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3941). With a population of 3,178, the suburb has a mature demographic with a median age of 46. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Tootgarook is $865,000, having dipped slightly 2.3% over the past year. The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,788.
Tootgarook is served by 1 school, including 1 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 28 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Tootgarook offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($865K/$875K). The price-to-income ratio of 12.9x is considered stretched. House prices have moved -2.3% year-on-year.
Tootgarook is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3941). With a population of 3,178, the suburb has a mature demographic with a median age of 46. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Tootgarook is $865,000, having dipped slightly 2.3% over the past year. The median weekly rent is $360 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,788.
Tootgarook is served by 1 school, including 1 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 28 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Tootgarook offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($865K/$875K). The price-to-income ratio of 12.9x is considered stretched. House prices have moved -2.3% year-on-year.