106 Highbury Road, Tootgarook VIC 3941
106 Highbury Road, Tootgarook VIC 3941
4-bedroom on 1300sqm in Tootgarook | 18% building coverage with bushfire overlay | 70% owner-occupier suburb, 4.8% growth | 3-car garage, dual living zones, 5G coverage
The propertyโs primary competitive strength is its generous 1300sqm landholding in a 70% owner-occupier suburb with 4.8% annual growth, offering rare configuration potential given the current 18% building coverage. The dual living zones and three-car garage serve families seeking space and storage, while the bushfire overlay signals a semi-rural positioning that limits future density competition. For a buyer, this land-to-building ratio provides an uncommon opportunity to expand or reconfigure the house without rezoning risk, supported by FTTP and 5G infrastructure that adds practical value for remote workers.
The bushfire overlay introduces specific construction and insurance costs that a buyer must factor into total holding expenses, potentially reducing short-term resale liquidity. The propertyโs current pricing bracket sits above the suburb median, meaning the buyer pays a premium for the land size rather than the house itself. The opportunity lies in either renovating the existing 233sqm dwelling to lift rental yield above the 3.2% suburb average, or holding for medium-term capital growth as Tootgarookโs owner-occupier demand strengthens. Use this property as a long-term family hold with optional subdivision or extension in five to seven years.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 106 Highbury Road, Tootgarook VIC 3941
Market Insight:
Tootgarook presents as a coastal market experiencing a period of price recalibration, with recent annual declines in both house and unit values. The market is characterised by a moderate sales volume and houses spending a notably extended time on market compared to broader metro averages. Current demand appears supported by rental yields that are competitive, particularly for houses, suggesting investor interest remains despite the softer price environment. Future performance will hinge on broader affordability pressures and the suburb’s ability to attract sustained buyer demand amid these conditions.