Toora

Toora, VIC 3962 is a small suburb with a population of 713 residents. The demographic profile skews towards older age groups, with a notable portion aged 65 or over. The suburb offers a median household income of $935 weekly. The residents mainly work in managerial, professional, and technical occupations. The suburb has a low social housing ratio of 2.0% and a high WFH commute preference. In terms of education, the ICSEA percentile indicates a lower level of educational advantage in government schools compared to the national average. Toora presents a promising investment opportunity for houses with a solid market absorption rate of 23.1%. The suburb has shown a strong median growth rate of 15.3% and a median rental yield of 4.7%. With a high online search interest and a moderate discount median, it indicates a healthy demand. The suburb's sale price IQR ratio suggests potential for renovation opportunities. Toora, VIC 3962, offers a tranquil lifestyle with a close-knit community. For homeowners, it provides affordable living with opportunities for long-term growth in property value. Investors interested in the suburb should focus on houses, considering the high rental yield and growth potential. The suburb's property market reflects stability and attractiveness for both residents and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022