28 Murray Court, Tootgarook VIC 3941

28 Murray Court, Tootgarook VIC 3941
Large suburban block | School-zoned coastal pocket | Established detached house | Services include FTTP and 5G This property is distinguished by its generous 790-square-metre block within a coastal suburban setting, a configuration that is less common in newer developments. Zoning for local government primary and secondary schools strengthens its appeal to families. The presence of fibre-to-the-premises NBN and 5G mobile coverage supports modern remote-working households. The house is best suited to owner-occupiers seeking a larger block in a established neighbourhood, with potential for renovation or extension. The building’s age and internal condition may influence its market value, though these details are not confirmed from available records. A bushfire overlay is present in the immediate area, which could affect insurance costs or development flexibility. The property’s older character might appeal to renovators seeking to add value, but any unverified structural or finish quality should be inspected closely.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28 Murray Court, Tootgarook VIC 3941
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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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.
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PropCred Estimated Value

Bedrooms

3

Bathroom

-

Parking

-

Land

790m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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