tooradin

3980, Victoria

Real Estate & Property Information

Median
Price Rank
411

tooradin Suburb Profile & Review

Tooradin was named after an Aboriginal word for 'swamp monster' or 'bunyip', though you won't find anything of the sort in the charming seaside village. Located one hour south-east of Melbourne, Tooradin sits on Sawtell Inlet on Westernport Bay.

Dairy farming and fishing are the main industries in the area. Along both sides of the South Gippsland Highway there are a smattering of eateries and takeaway shops specialising in seafood. Pelican cafe is a favourite stopover point for tourists travelling onto Phillip Island. Along the highway there is also a Bendigo Bank, a pharmacy, the Tooradin Super Clinic and a Foodworks supermarket.

The eastern shore of Sawtell Inlet has a boat ramp, a jetty, a reserve with picnic and BBQ facilities, a boardwalk and a coastal lookout. To the east of town is the Tooradin Airfield, which offers scenic flights over some of Victoria's most magnificent sights, and houses the Wings and Fins Restaurant, Bar and Bistro. There are several V/Line bus services in the area, which travel to Dandenong and Cranbourne. Cranbourne Station is about twenty minutes along the South Gippsland Highway, and from here trains run regularly into inner-city Melbourne.

tooradin Demographic Data

$ 364,975 Median House Price

54 Minutes Average Commute

36 Median Age

1,359 Population

46.87 % Female

53.13 % Male

374 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in tooradin, Victoria.

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tooradin Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

tooradin Median House Prices

  • 2008 $ 292,250
  • 2009 $ 316,500
  • 2010 $ 313,500
  • 2011 $ 420,100
  • 2012 $ 364,975

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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tooradin 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in tooradin have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term tooradin property price predictions.

tooradin Market Property Types

  • 95 % Seperate House
  • 0 % Semi Detached
  • 0 % Flat or Unit
  • 5 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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tooradin Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

tooradin Income & Mortgage Stats

  • $ 1,181 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in tooradin

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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tooradin Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

tooradin Sold Property Prices

tooradin Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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tooradin Restaurants

  • Tides Bar & Grill108 South Gippsland Highwaytooradin VIC 398003 5998 3908

tooradin Cafes

  • The Inlet LoungeShop 1/90, Fisher Rdtooradin VIC 398003 5998 3487
  • The Pelican Cafe85 South Gippsland Hwytooradin VIC 398003 5998 3111

tooradin Schools

  • Tooradin Primary SchoolBayview Roadtooradin VIC 3980(03) 5998 3321State Primary School

tooradin Childcare

  • Kids Kastle Child Carecnr South Gippsland Hwy & Evans Sttooradin VIC 3980

tooradin Kindergarten and Preschools

  • Tooradin PreschoolSouth Gippsland Hwytooradin VIC 3980

tooradin Sporting Centres and Clubs

  • Tooradin & District Sports Club Recreation Reservetooradin VIC 3980
  • Tooradin-Mornington, Tooradin Estatetooradin VIC 3980Horse Riding Club
  • Tooradin Tennis Clubtooradin VIC 3980Tennis Club & Courts

Find out How Much your House is Worth in tooradin

Request a free market Basic Report for tooradin to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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