Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $4,500,000, Annual capital growth 7.27%, Number of sales 161, Weekly median advertised rent $1,200

Toorak Unit: Median price $940,000, Annual capital growth 5.91%, Number of sales 205, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1061th in the list of Australian suburbs ordered by increase in median house value over the last year, Toorak, 3142 is in the top 30% with a property value increase of 12.50% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Toorak comes in at number 29th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Toorak, 3142. Typically our figures indicate that -6.33% is being offered, which puts this VIC suburb at 1467th most discounted overall in Australia.

At number 1392 in a list of fastest selling suburbs, Toorak is in the TOP 40% of suburbs in Australia with an average of days on market 66.61 for properties listed there.

VIC has seen average median house prices change by 4.79% which means that Toorak, 3142 has done well for property investors by showing a capital gain of 4.44% over the last year

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

Our latest figures would indicate that property sellers in Toorak are currently offering property investors an average price cut of -5.27% below the asking price at the moment.

Often selling an investment property can take time, and in Toorak the average time real estate has been on the market is 58.2 days.

Metrics i HOUSE UNIT
$4,500,000 $940,000
-2.17% -1.05%
12.50% 4.44%
7.27% 5.91%
$1,200 $450
161 205
1.39% 2.49%
66.61 58.2

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 12870
Median household income ($/weekly) 1977
Median age of persons 43
Median housing loan repayment ($/monthly) 2700
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 2067 16.1
    35-44 years 1416 11.0
    45-54 years 1616 12.6
    55-64 years 1843 14.3
    65-74 years 1459 11.3
    Others 4470 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 4623 46.1
    Not Married 4543 45.3
    Defacto Relationship 865 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8268 69.3
    Indonesia 289 2.4
    Papua New Guinea 298 2.5
    United Kingdom 522 4.4
    Other 704 5.9
    Others 1849 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 355 3.1
    Christianity 6343 55.5
    Hinduism 272 2.4
    Judaism 1414 12.4
    No Religion 2889 25.3
    Others 162 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 338 7.1
    $1,500-$1,999 503 10.5
    $2,500-$2,999 804 16.8
    $3,000-$3,499 337 7.0
    $4,000 or more 673 14.0
    Others 2136 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4215 39.8
    Not in the labour force 3803 35.9
    Employed, worked part-time 1968 18.6
    Employed, away from work 332 3.1
    Unemployed, looking for work 280 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1445 22.2
    Professionals 2518 38.6
    Community & personal service workers 441 6.8
    Clerical & administrative workers 829 12.7
    Sales 565 8.7
    Others 717 11.0
    Occupation
    Census Count Percent(%)
    Pre-school 128 4.9
    Infants/Primary 614 23.5
    Secondary 685 26.2
    Technical or Further Educational Institution 152 5.8
    University or other Tertiary Institutions 953 36.5
    Others 78 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5201 44.9
    Flat, unit or apartment 4540 39.2
    Semi-detached, row or terrace house, townhouse 1844 15.9
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2280 42.8
    Rented 1914 35.9
    Being purchased 1102 20.7
    Other tenure type 35 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals