Price drops in Toorak
Listings for sale in Toorak, VIC 3142 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
36
31% of 118 live listings
Median cut
5.6%
$289K off the asking price
Days listed before cut
88
median, first listed to latest cut
Cuts, last 30 / 90 days
23 / 30
2 listings have raised instead
Toorak price-drop summary
36 listings in Toorak (31% of the 118 on the market) are advertised below an earlier asking price. The typical reduction is 5.6%, about $289K. House listings account for 18 of them, with a median cut of 7.2%. Going the other way, 2 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 18 | 7.2% |
| Apartment | 13 | 4.3% |
| Townhouse | 3 | 7.8% |
| Retirement | 2 | 5.1% |
Largest current cuts in Toorak
The 30 biggest of 36, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 17 Iona Avenue | $14,000,000 | $11,950,000 | -14.6% | 6 bed House | |
| 6 Robertson Street | $25,000,000 | $21,500,000 | -14.0% | 5 bed House | |
| 9/1 Irving Road | $2,900,000 | $2,500,000 | -13.8% | 3 bed Apartment | |
| Residence 5/663 Malvern Road | $2,750,000 | $2,400,000 | -12.7% | 3 bed House | |
| 37 Canterbury Road | $5,150,000 | $4,600,000 | -10.7% | 4 bed House | |
| 9 Winifred Crescent | $10,500,000 | $9,500,000 | -9.5% | 3 bed House | |
| 16 Hill Street | $11,000,000 | $10,000,000 | -9.1% | 4 bed House | |
| 22 Carters Avenue | $3,190,000 | $2,900,000 | -9.1% | 3 bed House | |
| 37A Power Street | $3,850,000 | $3,530,000 | -8.3% | 3 bed Townhouse | |
| 304/28-30 Jackson Street | $1,199,000 | $1,100,000 | -8.3% | 2 bed Retirement | |
| 30 Hopetoun Road | $6,300,000 | $5,800,000 | -7.9% | 3 bed House | |
| 22/663 MALVERN ROAD | $3,700,000 | $3,413,000 | -7.8% | 4 bed Townhouse | |
| 9 Ross Street | $7,900,000 | $7,295,000 | -7.7% | 4 bed House | |
| 11 Ashe Grove | $4,290,000 | $4,000,000 | -6.8% | 4 bed House | |
| 3/4 Lambert Road | $610,000 | $570,000 | -6.6% | 2 bed Apartment | |
| Penthouse | $5,495,000 | $5,150,000 | -6.3% | 3 bed Apartment | |
| 4 Grosvenor Court | $8,000,000 | $7,500,000 | -6.3% | 4 bed House | |
| 7A Monomeath Avenue | $4,875,000 | $4,595,000 | -5.7% | 4 bed House | |
| 1/83 Grange Road | $1,800,000 | $1,700,000 | -5.6% | 4 bed Apartment | |
| 18/765 Malvern Road | $1,850,000 | $1,750,000 | -5.4% | 3 bed Apartment | |
| 4/645 Malvern Road | $770,000 | $730,000 | -5.2% | 2 bed Apartment | |
| 3/79 Clendon Road | $7,000,000 | $6,700,000 | -4.3% | 3 bed Apartment | |
| G02/16 Lansell Road | $3,800,000 | $3,650,000 | -3.9% | 3 bed Apartment | |
| 26 Grange Road | $26,000,000 | $25,000,000 | -3.8% | 5 bed House | |
| 745 Malvern Road | $3,900,000 | $3,750,000 | -3.8% | 4 bed House | |
| 9 May Road | $2,095,000 | $2,020,000 | -3.6% | 3 bed House | |
| 5 Verdant Avenue | $14,000,000 | $13,500,000 | -3.6% | 4 bed House | |
| 8/4 Lambert Road | $600,000 | $580,000 | -3.3% | 2 bed Apartment | |
| 101/111 Mathoura Road | $9,250,000 | $8,950,000 | -3.2% | 3 bed Apartment | |
| 3/2 Brookville Road | $3,400,000 | $3,290,000 | -3.2% | 3 bed Apartment |
Suburb profile
Toorak market data
Median prices, rents, growth and vacancy for Toorak.
Sold prices
Recent sales in Toorak
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Toorak: common questions
How many properties in Toorak have had a price drop?
36 listings for sale in Toorak VIC 3142 are currently advertised below an earlier asking price, 31% of the 118 listings on the market. 23 of those cuts were recorded in the last 30 days and 30 in the last 90.
How much are Toorak sellers cutting their prices by?
The median cut is 5.6%, or $289K, measured from the previous advertised asking price to the current one on each listing.
How long are Toorak listings on the market before the price drops?
A median of 88 days from when the listing first appeared to its latest price cut, across 36 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.