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Timboon suburb profile

Timboon is a charming rural town in Victoria's southwest, renowned for its picturesque landscapes and close-knit community. Situated near the Great Ocean Road, it offers a peaceful retreat with a rich agricultural heritage. The town is famous for its local produce, including artisanal cheeses, ice cream, and whisky, attracting food enthusiasts and tourists alike. Timboon's scenic surroundings provide ample opportunities for outdoor activities, such as hiking and cycling. With its welcoming atmosphere and growing reputation as a gourmet destination, Timboon is an appealing choice for those seeking a tranquil lifestyle amidst natural beauty.

Timboon property market performance

Timboon’s property market has shown a notable increase in house values over the past 12 months, with a rise of 10.8%, bringing the current median house price to $580,000. However, the unit market remains inactive, with no sales or value changes reported. Over the last three months, 12 houses were sold, with properties spending a median of 67 days on the market, indicating a moderate pace of sales activity.

The rental market in Timboon appears to be inactive, with no reported average rent or changes in rent for both houses and units over the past 12 months. This suggests a limited rental market presence in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
9.8%N/A
Sold
Past 3 months
8N/A
Median days on market
Past 12 months
66N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Timboon demographics

Timboon, a charming rural town in Victoria, is known for its close-knit community and picturesque landscapes. With a population of 1,250, it offers a peaceful lifestyle away from the hustle and bustle of city life. The median age of 47 indicates a mature community, with many residents enjoying the tranquility and slower pace that Timboon provides. The town is surrounded by lush farmland and is famous for its local produce, including the renowned Timboon Fine Ice Cream.

Housing in Timboon is predominantly owner-occupied, with over 50% of properties owned outright, reflecting a stable and established community. This high rate of outright ownership suggests that many residents have settled in Timboon for the long term, valuing the security and community ties that come with homeownership. Additionally, 31.1% of properties are owned with a mortgage, while only 18.1% are rented, highlighting the suburb's appeal to families and individuals seeking a permanent home.

Family life is central to Timboon's community, with 34.9% of families being couples with children and 47.6% being couples without children. The presence of one-parent families at 16.6% also underscores the suburb's supportive environment for diverse family structures. Timboon's local amenities, including schools, parks, and community events, cater to families and contribute to the town's welcoming atmosphere. Overall, Timboon offers a serene and community-focused lifestyle, making it an attractive choice for those seeking a rural retreat with strong community connections.

Suburbs near Timboon

Some popular suburbs near Timboon include:

  • Cooriemungle: Known for its rural landscapes and dairy farming, Cooriemungle is located to the southwest of Timboon.
  • Port Campbell: Famous for its stunning coastal scenery and proximity to the Twelve Apostles, Port Campbell is situated to the south of Timboon.
  • Peterborough: A small coastal town known for its scenic beaches and fishing spots, Peterborough lies to the southeast of Timboon.
  • Cobden: Offering a mix of agriculture and community facilities, Cobden is located to the northeast of Timboon.
  • Simpson: Known for its dairy farming and rural charm, Simpson is situated to the east of Timboon.

How does Timboon compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Timboon have grown 35.0% higher than in Peterborough.
  • Selling speed for houses: Properties in nearby Cobden are selling 54.5% faster than in Timboon.

Choose the right real estate agents in Timboon

There are 6 real estate agents in Timboon, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 97.4% of all sales in the past year.

Commission rates in Timboon typically range from 2% to 2.75%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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