Toolangi

Toolangi, VIC 3777 is a small suburb with a population of 366 residents. The demographic profile skews towards older age groups, with a significant number of residents aged 45 to 64 years. The suburb offers a mix of occupations, with managers, technicians, and tradeworkers being the top three professions. Toolangi has limited options for education with an ICSEA Percentile for Government Schools Mean of 37.0. Residents primarily commute by motor vehicle, while a notable percentage work from home. With a median house price towards the lower range compared to neighbouring suburbs, Toolangi could be of interest to buyers looking for a potential renovator's delight, given the high saleprice IQR ratio. The rental yield is moderate, and there is a slight vacancy rate. Investors may want to monitor the market absorption rate closely due to limited stock on market. Property developers could explore building opportunities based on the current building approvals value. Toolangi, VIC 3777 offers a peaceful lifestyle in a small community with a focus on older age groups. The suburb presents investment potential for buyers interested in renovating houses and keeping an eye on market trends. With a mix of occupations and a notable work-from-home trend, Toolangi caters to those seeking a quieter living environment with some opportunities for property development. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022