Loading...
Loading...
The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
2023 Picki. All rights reserved.
Tootgarook is a suburb in Mornington Peninsula Shire, Australia with 2869 residents. The median house price is $925K with a rental yield of 3.4%. Our analysis rates Tootgarook with a suburb score of 78/100 for investment timing.
Property prices in this suburb are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength. Monitor price growth trends and vendor discounting to time your investment.
78
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
Loading...
What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Tootgarook has a suburb score of 78/100 for investment timing, placing it in the moderate investment category within Mornington Peninsula Shire. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find Tootgarook suitable for their portfolio.
Tootgarook's capital growth outlook is moderate based on current market indicators. Tootgarook shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
Tootgarook is located within Mornington Peninsula Shire Local Government Area in Australia. Mornington Peninsula Shire encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Tootgarook is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Tootgarook is $925K based on recent sales data. This median price positions Tootgarook as a mid-market suburb in Mornington Peninsula Shire, balancing accessibility for investors with capital growth potential.
Tootgarook has an average rental yield of 3.4%, which is below the national average, which is common in premium or high-growth suburbs where investors prioritize capital appreciation over rental income. Investors in Tootgarook typically focus on long-term wealth building rather than immediate cash flow.
Tootgarook has a population of approximately 2869 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Tootgarook is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Tootgarook's suburb score of 78/100 can be compared against other suburbs in Mornington Peninsula Shire to identify relative investment value. With a score between 50-80, Tootgarook sits in the middle tier of Mornington Peninsula Shire suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in Mornington Peninsula Shire using our platform to find the best investment opportunities.
