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Toorak, VIC 3142
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$5,355,000
market range $3.5M-$5.4M
Median Unit
$930,000
list-price estimate
Gross Yield
-
1yr Growth (houses)
-21.2%
market range -22.5% to +0.0%
Investment snapshot for Toorak
Toorak has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Toorak market and investor summary
Toorak (VIC 3142) runs a median house price of $5.4M. House prices have moved -21.2% over the past year and -19.3% over three years. At 2.1% vacancy, it is a broadly balanced rental market.
Living in Toorak: people, income and schools
Toorak is home to around 12,817 people, a number that has held fairly steady over five years. The median age is 47, skewed a little older.
Households here earn a median of about $132,000 a year, or roughly $2,530 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index).
There are 126 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 6.1 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 83 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 12,817
- -0% over 5yr
- Median age
- 47 years
- Median household income
- $132,000/yr
- Households renting
- 36%
- Family households
- 48%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 126
- avg ICSEA 1163
- Unemployment
- 2.5%
- Distance to CBD
- 6.1 km
- Walk score
- 83/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Toorak
View all →Frequently asked questions about Toorak
What should I check before investing in Toorak?
Toorak has enough public data for first-pass screening across yield, vacancy, price and supply signals. Walkability score of 83 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Toorak?
The median property price in Toorak, VIC 3142 is $5.4M for houses.
What does recent house price growth show for Toorak?
House prices in Toorak are down 21.2% over the past year and down 19.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Toorak?
The current vacancy rate in Toorak is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Toorak?
Toorak has a population of approximately 12,817 residents, with a median age of 47.
What schools are near Toorak?
There are 126 schools within roughly 5km of Toorak. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Toorak's population growing?
The population of Toorak has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Toorak from the CBD?
Toorak is about 6.1 km from the CBD.
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