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City of Melton

Toolern Vale

Toolern Vale Property Market
& Suburb Profile

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TOOLERN VALE price TRACKER

Houses

Toolern Vale Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$449pw

House rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)2.31%

Toolern Vale total population size

(as at the last census)818

Median household size in Toolern Vale

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Toolern Vale property types

  • Houses 67%
  • Other 33%

OCCUPANCY in Toolern Vale

  • Owned 86%
  • Rented 8%
  • Other/Not Stated 6%
  • Singles 18%
  • Families 82%
  • Other 0%

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About Toolern Vale

Toolern Vale is a unique and tranquil semi-rural suburb located approximately 40 kilometres north-west of Melbourne’s CBD, offering an exclusive lifestyle defined by its rolling hills, expansive bushland, and large acreage properties.

The suburb is celebrated for its deep-rooted rural character, with a significant portion of its land designated as Green Wedge Zone and Rural Conservation Zone, attracting families, retirees, equestrian enthusiasts, and hobby farmers who highly value space, privacy, and a connection to the countryside.

This commitment to maintaining its natural setting ensures a high quality of life for its residents, who are predominantly long-term owner-occupiers. While the suburb maintains a peaceful, low-density atmosphere with limited commercial activity, essential local services are provided by the Toolern Vale General Store and the community hall, and residents benefit from easy access to nearby Toolern Vale and District Primary School and the new Melton Christian College Toolern Vale Campus. Connectivity is convenient via major roads, providing a straightforward vehicular route to the comprehensive retail, transport, and service hubs of the Melton township, which is undergoing massive growth just to the east.

For investors and discerning buyers, Toolern Vale represents a premium lifestyle market where the scarcity of large blocks, combined with its unique status as "Thoroughbred Country" and enduring demand for rural-style properties, ensures stable value and appeal.

Education

Toolern Vale and District Primary School
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Toolern Vale MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20254-no change4$449pw2.31%
20244-no change2$439pw2.30%
20237$890,000-14.42%2$415pw2.25%
20226$1,040,0005.05%1$378pw2.08%
20218$990,00039.62%1$351pw1.93%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20254-no change
20244-no change
20237$890,000-14.42%
20226$1,040,000+5.05%
20218$990,000+39.62%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20254$449pw2.31%
20242$439pw2.30%
20232$415pw2.25%
20221$378pw2.08%
20211$351pw1.93%

PROUDLY SERVICING Toolern Vale

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.