Tootgarook

Tootgarook is a growing suburb with a population that has seen steady growth over the past decade. The age demographic is well distributed across various age groups, with a significant number of residents falling in the 45 to 64 years bracket. Residents have access to a range of commuting options, with a notable percentage working from home. The suburb has a moderate ICSEA percentile for government schools, indicating an average educational advantage for students. For house investors, Tootgarook presents an opportunity for renovation projects due to a high Sale Price IQR Ratio. The suburb has a low vacancy rate and a healthy room demand-to-supply ratio, suggesting strong rental demand. For unit investors, the rental yield is attractive with a high yield median. Units have experienced substantial median growth in the past year, making it potentially lucrative for investors looking for capital growth. Tootgarook offers a lifestyle characterised by diverse age groups, ample commuting options including WFH, and moderate educational opportunities. Investors can find opportunities in both the house and unit markets, with potential for renovation projects in houses and strong rental yields in units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022