Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $3,500,000, Annual capital growth 5.54%, Number of sales 165, Weekly median advertised rent $1,100

Toorak Unit: Median price $845,000, Annual capital growth 5.57%, Number of sales 209, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$3,500,000 $845,000
-6.04% -4.52%
0.00% -11.52%
5.54% 5.57%
$1,100 $450
165 209
1.63% 2.77%
56.93 54.96

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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