Property value increases in Toorak have tracked lower than the VIC average of 7.80% over the last 12 months.
Toorak,3142 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Toorak should be aiming for at least -2.09% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Toorak being $3500000 and the advertised rent reaching $1100 the gross rental yield for property investors calculates out to be 1.63%
Over the last year, property investments in Toorak, 3142 have given investors a capital gain of -11.52%. This compares very badly with the 3.63% for VIC as a whole.
Across a shorter period, Toorak, 3142 has seen a median price increase of -4.52% over the last quarter.
Sellers are offering property buyers an average discount of -4.44% to buyers in Toorak at the moment, which is less than average for the rest of VIC.