Towong Shire, VIC

The Shire of Towong is a local government area in Victoria’s Hume region. The local property market is a small, rural market, dominated by agricultural and forestry land. There is a small amount of residential and commercial property, with prices tending to steadily increase over time.

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The shire’s economy is largely based on the production and sale of agricultural products, including beef, lamb, pork, wheat, and barley. The LGA is also home to a number of forestry businesses, which produce timber and wood products. The shire’s tourism industry is also a major contributor to the economy, with a number of tourist destinations attracting visitors from all over the country. The shire is home to a number of small businesses.

Managers account for 26.8 % of employment in Towong, followed by professionals (14.3 %), technicians and trades workers (13.9 %), laborers (12.0 %), and clerical and administrative workers (9.5 %). In Towong, the typical weekly personal income for residents aged 15 years and older is $535.

The rural real estate market in Towong Shire, Victoria is dominated by large grazing properties and farming acreage. There are also a number of smaller towns throughout the area, each with their own unique set of properties available for sale. The majority of homes for sale in Towong Shire are detached houses, In Towong, 96.7 % of occupied private homes are detached houses, 1.0 % are semi-detached, row or terrace houses, townhouses, or other buildings, 0.5 % are flats or apartments, and 1.1 % are other dwellings.

The best property investment advice for Towong Shire, Victoria, may vary depending on the individual’s goals and financial situation. However, some tips to consider when investing in property in Towong Shire include doing your research to identify the best areas for property investment, considering your budget and financial situation, and crunching the data to understand potential return on investment.

Use the interactive dashboard below to assess the local market for property investment.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

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Property Market in Towong Shire, VIC

What other property markets are there near Towong Shire, VIC?

The Shire of Towong is a local government area in the Hume region of Victoria, Australia, located in the north-east part of the state.

Suburbs/localities in this Local Government Area: Granya 3701, Guys Forest 3709, Jarvis Creek 3700, Koetong 3704, Lucyvale 3691, Mount Alfred 3709, Bellbridge 3691, Old Tallangatta 3701, Pine Mountain 3709, Berringama 3691, Shelley 3701, Bethanga 3691, Biggara 3707, Talgarno 3691, Tallangatta 3700, Tallangatta East 3700, Tallangatta Valley 3701, Thologolong 3691, Thowgla Valley 3707, Tintaldra 3708, Towong 3707, Towong Upper 3707, Walwa 3709, Tallandoon 3701, Tallangatta South 3701, Bullioh 3700, Bungil 3691, Burrowye 3709, Colac Colac 3707, Corryong 3707, Cudgewa 3705, Eskdale 3701, Georges Creek 3700

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