Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $4,250,000, Annual capital growth 7.70%, Number of sales 167, Weekly median advertised rent $1,100

Toorak Unit: Median price $921,250, Annual capital growth 6.06%, Number of sales 197, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1004th 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 11.84% 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 33th in VIC.

Toorak, 3142 is offering VIC ‘s 380th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Residents and property investors in Toorak have been waiting around 59.36 days to sell a property.

A $1100 per week rent on the median house gives suburb investors a gross yield of circa 1.35%, without taking into account capital value appreciation, which has been averaging out at 7.70%.

Toorak, 3142 ranked 211th in VIC when comparing growth in median property values or capital gain over the last 12 months. Toorak is one of 2098 in our list for VIC

Toorak,3142 was ranked 1192 in Australia by increase in median property value over the quarter.

Toorak, 3142 is offering VIC ‘s 89th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

With the median price for a house in Toorak being $921250 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.54%

Metrics i HOUSE UNIT
$4,250,000 $921,250
-4.24% -0.73%
11.84% 2.65%
7.70% 6.06%
$1,100 $450
167 197
1.35% 2.54%
59.36 59.76

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Toorak VIC
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