Investment property in Toorak has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.09%
Over the longer term, Toorak has seen property prices show investors a 48.89% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Toorak is $4169000, with sellers offering an average of -4.34% off the asking price.
Renters in Suburb are facing rents around $13200 per annum or $1100 every week.
Toorak, 3142 ranked 346th 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
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.
Toorak, 3142 is offering VIC ‘s 172th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Often selling an investment property can take time, and in Toorak the average time real estate has been on the market is 53.73 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 5.33%.