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Toorak

POSTAL CODE: VIC, 3142
HOUSE
UNIT

Property investments in TOORAK did not fare well against the rest of the country last year, registering a median home price decrease of -5.84%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains TOORAK, 3142 saw average growth in the long term.

Real estate investors could earn a rental income of $925 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 56.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $5,800,500.

TOORAK ranks 587th on the list of best yielding suburbs for rental properties in VIC, posting a 0.83% return.

Surburb overview

Toorak is an inner-south-eastern suburb of Melbourne located within the City of Stonnington. The suburb is situated about five kilometres south-east of the Melbourne central business district and is bordered by South Yarra, Armadale, Malvern and Kooyong.

Toorak recorded a population of just over 13,000 residents at the 2021 census, with a demographic profile that includes a high proportion of older residents and established households.

The area is characterised by high median household incomes and a mix of long-term owner-occupiers and renters, particularly in apartment developments. Housing in Toorak includes large detached dwellings on established streets, heritage-listed homes, and a significant number of low- to mid-rise apartment buildings clustered near activity centres.

Public transport access is provided by multiple tram routes along Toorak Road and nearby arterial roads, offering frequent services to the CBD and inner suburbs.

Rail services are available at stations on the Glen Waverley, Frankston and Sandringham lines, including Heyington and Toorak stations on the suburb’s edges.

Road connectivity is supported by Toorak Road, Malvern Road and Punt Road, which facilitate east–west and north–south travel across inner Melbourne.

Toorak Village serves as the suburb’s primary retail and service precinct, featuring supermarkets, specialty retailers, cafés, medical practices, and professional services. Additional shopping, dining and commercial options are accessible in neighbouring suburbs such as South Yarra and Armadale.

Educational facilities in and around Toorak include several primary schools, as well as secondary schools and tertiary institutions across the inner south-east.

Recreational amenities include local parks, tree-lined streets and access to the Yarra River corridor, which supports walking and cycling trails.

The suburb’s built form, transport access and proximity to inner-city amenities have shaped its development as a long-established residential area within metropolitan Melbourne.

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