At number 545th in the list of Australian suburbs ordered by increase in median house value over the last year, Toorak, 3142 is in the top 20% with a property value increase of 13.92% recorded in median house prices.
The five-year average increase in median property values for Toorak,3142 has given property investors a potential capital gain of 57.28% across each of those five years.
At number 455th of VIC’s most discounted properties, Toorak is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Toorak have been waiting around 86.25 days to sell a property.
Renters in Suburb are facing rents around $13200 per annum or $1100 every week.
If you compare the increase in value of investment property in Toorak, 3142 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -14.13%.
A 13.75% growth in median value for property investors in Toorak,3142 puts this suburb at number 343th in terms of best performing suburbs in VIC
The most recent median price for Toorak is $815750, with sellers offering an average of -3.60% off the asking price.
On average over the past year, suburb has had 16.25 sales per month, which equates to 195 per year.
With the median price for a house in Toorak being $815750 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.87%