Tooborac, situated within the Mitchell Shire in Victoria, is a small, charming town that offers a unique blend of rural tranquility and community warmth. The housing market in Tooborac is characterized by a selection of traditional country-style homes and sprawling properties, often with larger land parcels compared to urban areas. This makes it an appealing choice for those looking to escape the hustle and bustle of city life. While the property prices are generally more affordable than those in nearby major cities, prospective buyers can still expect to invest significantly for properties with substantial acreage or unique historical features. The market tends to be less volatile, providing a stable investment for homebuyers seeking long-term residence in a serene environment.
Living in Tooborac provides residents with a peaceful lifestyle surrounded by natural beauty. The community is tight-knit, with a population that cherishes local events and gatherings, fostering a sense of belonging. Residents enjoy the simplicity and slower pace of rural life, complemented by local amenities such as the famous Tooborac Hotel and Brewery, which is a focal point for social activities. Additionally, the town's scenic landscapes, including rolling hills and vineyards, offer ample opportunities for outdoor recreation and leisurely pursuits. While Tooborac is somewhat remote, essential services and schools are easily accessible, and larger commercial centers are just a short drive away, making it a practical yet idyllic place to call home.
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Thinking about buying in Tooborac? Now could not be a better time, with just 310 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $812,000 with prices in this suburb ranging from $162,000 to $1,952,000. The aproximate distance to the coast is 77 Km.
Consistent high demand relative to supply is a key feature in Tooborac driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Tooborac are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Tooborac changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Tooborac the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property Valuation2505 Seymour-Tooborac Road, Tooborac, VIC, 3522 | $835,000 to $865,000 |
Tooborac Primary School
(While the above schools are located with the suburb of Tooborac there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
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Feb | 0.2 | 13.4 | 27.9 | 30.9 | 80.8 | 5 | 22.6 |
Mar | 1.4 | 12.2 | 24.7 | 37.9 | 84.4 | 4.4 | 17.0 |
Apr | 1.7 | 9.3 | 20.4 | 44.6 | 87.1 | 3.4 | 12.0 |
May | 2.2 | 6.9 | 15.4 | 58.8 | 93.5 | 3.2 | 8.6 |
Jun | 2.5 | 5.5 | 12.9 | 67.4 | 96.0 | 2.9 | 7.5 |
Jul | 1.9 | 4.7 | 12.1 | 68.9 | 96.3 | 3.2 | 7.8 |
Aug | 1.5 | 4.5 | 13.4 | 58.5 | 95.0 | 3.2 | 10.8 |
Oct | 1.6 | 8.6 | 20.4 | 46.2 | 86.7 | 4.4 | 19.0 |
Nov | 0.9 | 12 | 25.2 | 36.4 | 83.9 | 4.2 | 24.2 |
Dec | 0.0 | 11.6 | 27 | 27.6 | 81.2 | 5.4 | 26.6 |
Jan | 1.7 | 14.2 | 29.8 | 29.7 | 82.6 | 5.5 | 24.7 |
source: Australian Government Bureau of Meteorology
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