If you compare the increase in value of investment property in Toorak, 3142 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.00%.
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.
Sellers are offering property buyers an average discount of -1.85% to buyers in Toorak at the moment, which is less than average for the rest of VIC.
Residents and property investors in Toorak have been waiting around 49.85 days to sell a property.
Using the current median advertised rental of $1100 and the average annual increase in value of a median property of 6.02%, investors should hope to achieve an overall return of 1.63%
At number 1642th in the list of Australian suburbs ordered by increase in median house value over the last year, Toorak, 3142 is in the BOTTOM 10% with a property value increase of -14.19% recorded in median house prices.
Across a shorter period, Toorak, 3142 has seen a median price increase of -3.57% over the last quarter.
Vendor discounting in Toorak is giving property investors an average Vendor Discount of around -4.67%. This puts suburb at number 178th in VIC when ranking the most discounted suburbs.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.89%, without taking into account capital value appreciation, which has been averaging out at 4.94%.