Suburb Profile Report for Toorak Gardens SA (5065)

Toorak Gardens House: Median price $1,255,000, Annual capital growth 6.41%, Number of sales 45, Weekly median advertised rent $668

Toorak Gardens Unit: Median price $355,875, Annual capital growth 5.27%, Number of sales 17, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Toorak Gardens have tracked lower than the SA average of 2.82% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Toorak Gardens has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -8.56% to buyers in Toorak Gardens at the moment, which is less than average for the rest of SA.

Using the current median advertised rental of $667.5 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 2.77%

SA has seen average median house prices change by 3.03% which means that Toorak Gardens, 5065 has done well for property investors by showing a capital gain of -5.35% over the last year

Over the longer term, Toorak Gardens has seen property prices show investors a -2.82% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -3.42% to buyers in Toorak Gardens at the moment, which is less than average for the rest of SA.

With the median price for a house in Toorak Gardens being $355875 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.38%

YIP MAG Information supplied by:

YIP MAG
April 2015

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Known as one of Adelaide’s most desirable suburbs, Toorak Gardens is commended for its beautiful character, turn of the century architecture and excellent location.Full summary Known as one of Adelaide’s most desirable suburbs, Toorak Gardens is commended for its beautiful character, turn of the century architecture and excellent location.

Located just 2km east of Adelaide’s CBD, this prestigious suburb is in high demand with a vacancy rate of only 1.01%.

Phil Harris, of Harris Real Estate, says Toorak Gardens provides everything that eastern suburbs family living in Adelaide represents.

“Quality character homes, land allotments, large allotments, close to the CBD, prominent schooling nearby, it ticks all the boxes.”

Harris says the track record of the suburb has shown that even through the tougher markets prices have held and always continue to grow.

“They always attract multiple markets so they continue to be more highly sought-after.’’

Apart from the option of a quick walk to the CBD, several shopping centres service the suburb such as Burnside Village, which for many residents “is literally just across the road”.

Several primary and high schools in the area, along with a medical centre and library, provide families with everything they could need at their fingertips.

Harris says there aren’t any considerable differences in popularity between streets.

“There are a few arterial roads that do very well, but generally Toorak Gardens is known for prestigious homes.’’

With many houses pushing the million-dollar mark, units can be an ideal way to gain a footing in an excellent suburb.

Two-bedroom units, ideal for young or established couples, on Martindale Avenue and Leader Avenue can be bought for less than $300,000Close
HOUSE UNIT
$1,255,000 $355,875
-1.38% -5.35%
-18.51% -5.35%
6.41% 5.27%
$668 $300
45 17
2.77% 4.38%
87.77 37.1

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2491
Median household income ($/weekly) 1701
Median age of persons 44
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 325 13.0
    35-44 years 290 11.6
    45-54 years 385 15.4
    55-64 years 416 16.7
    65-74 years 251 10.1
    Others 825 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 1056 56.6
    Not Married 687 36.8
    Defacto Relationship 123 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1837 77.4
    Croatia 60 2.5
    Malta 30 1.3
    United Kingdom 142 6.0
    Other 63 2.7
    Others 240 10.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 1.1
    Christianity 1548 68.0
    Hinduism 22 1.0
    Islam 13 0.6
    No Religion 658 28.9
    Others 8 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 68 8.0
    $1,500-$1,999 91 10.7
    $2,500-$2,999 89 10.4
    $3,000-$3,499 72 8.5
    $4,000 or more 112 13.1
    Others 420 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 716 36.0
    Not in the labour force 689 34.6
    Employed, worked part-time 455 22.9
    Unemployed, looking for work 70 3.5
    Employed, away from work 61 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 16.3
    Professionals 532 43.3
    Community & personal service workers 90 7.3
    Clerical & administrative workers 170 13.8
    Sales 119 9.7
    Others 118 9.6
    Occupation
    Census Count Percent(%)
    Pre-school 41 6.0
    Infants/Primary 229 33.3
    Secondary 165 24.0
    Technical or Further Educational Institution 27 3.9
    University or other Tertiary Institutions 207 30.1
    Others 19 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1846 80.5
    Flat, unit or apartment 338 14.7
    Semi-detached, row or terrace house, townhouse 109 4.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 431 46.2
    Being purchased 271 29.1
    Rented 227 24.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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