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AREA REPORTS

Toorak

Suburb Profile

Toorak - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3142

house
unit

Property investments in TOORAK fare well against the rest of the country last year, registering a median home price increase of 45.27%.

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 $1000 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 69.9 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 $4,725,000.

TOORAK ranks 605th on the list of best yielding suburbs for rental properties in VIC, posting a 1.1% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $4,725,000 $1,199,999
GROWTH REPORT
Median Quarterly 5% -14.29%
Median 12 month 45.27% 9.09%
Median 3 years -4.55% -2.01%
Median 5 years 33.19% 27.12%
10 years average annual 7.56% 6.68%
Weekly media advert. rent $1000 $490
Time on Market 69.9 days 74.0 days
Gross Rental Yield Percent 1.1% 2.12%
demographics (median values)
Total Population
13127
Weekly Household Income
1694
Household Size
2.20
demographics
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