Wellington Shire Council
Toolome
Toolome at a glance
Median house
$286,000
Median unit
$205,920
Walk score
0
Very car dependent
Population
7,455
Median age 43
About
Welcome to Toolome.
Toolome (3860) sits in the Wellington region of Victoria. The median house here is $286,000, well below the Victoria median of around $850K.
Toolome has roughly 7,455 residents, with an established, older skew. Households are dominated by renters. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
Compare Toolome with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Nearby suburbs
Houses change hands at $286,000 on a typical sale, well below the Victoria median. Units come in around $205,920, roughly 28% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $57,000. Prices are well below the Victoria median, which keeps Toolome on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$286,000
+0.0% over the past year. Median unit price $205,920.
Rental and ownership
Weekly rent (house)
$250/wk
Weekly rent (unit)
$213/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$286,000
$205,920
7,455
Median age: 43
Free appraisal
What’s your home worth in Toolome?
A local agent who actually sells in Toolome will give you an honest number, backed by recent comparable sales. Free, no commitment to list.
Get property alerts for Toolome
Be the first to know when new listings hit the market.
For investors
Investment overview.
Gross rental yield on houses sits at 4.55% (median rent $250/wk against a $286,000 price tag). Units yield 5.38% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.55%
Based on $286,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)5.38%
Based on $205,920 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 2026–
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Who lives here
Demographics.
The 2021 Census put Toolome's population at 7,455, with a median age of 43. That sits as an established, older skew.
Population
7,455
Median age
43
Family households
–
Lone person
–
Demographics data as of May 2026· ABS 2021 Census
Day to day
What it’s like to live here.
Toolome scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 4 government primary, 1 government secondary, 2 Catholic.
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Toolome.
Local schools for Toolome
View the catchment for each school to find out more.
Government School Catchment
Briagolong Primary School
Boisdale Consolidated School
Stratford Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Toolome.
- What is the median house price in Toolome?
- The median house price in Toolome, VIC 3860 is $286,000. The median unit price is $205,920. Annual growth is +0.0%.
- What is the Toolome postcode?
- Toolome is in the 3860 postcode, in VIC, in the Wellington Shire Council region.
- What is the average rent in Toolome?
- The median weekly rent for houses is $250, for units it's $213.
- What schools are in Toolome?
- There are 7 schools serving Toolome on this page, including Briagolong Primary School, Boisdale Consolidated School, St Patrick's School.
- How walkable is Toolome?
- Toolome has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Toolome?
- Toolome is close to Budgee Budgee, Wrathung, Castleburn, Woolenook, Moornapa.
- What is the population of Toolome?
- Toolome has approximately 7,455 residents. The median age is 43.
Toolome
Guides
Surrounding Suburbs
Side by side
Compare Toolome vs a nearby suburb
See median prices, growth, schools, walkability and risk side by side in one view.
Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
Every figure on this page carries its source and as-of date in a tooltip. If a figure looks off to you, tell us and we’ll fix it within a week.
No login
No paywall, no sign-up, no download form. The suburb data is the product. We earn from partner brokers and agents on the rare occasion you ask for one.
Want a real human to help with Toolome?
If you’ve looked at the numbers and want someone to talk it through, whether that’s an agent, broker, accountant or conveyancer, we’ll find the right person for your situation. Free, no commitment.
Get connected