Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $4,800,000, Annual capital growth 6.83%, Number of sales 149, Weekly median advertised rent $1,225

Toorak Unit: Median price $905,000, Annual capital growth 5.07%, Number of sales 206, Weekly median advertised rent $465

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

Source: CoreLogic

  • House Report
  • Unit Report

Toorak is in the TOP 30% in VIC when comparing median price capital growth over the last year. Toorak gave property investors a good capital gain figure when compared to the rest of the state, with 18.52%.

The five-year average increase in median property values for Toorak,3142 has given property investors a potential capital gain of 80.24% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Toorak, 3142. Typically our figures indicate that -7.78% is being offered, which puts this VIC suburb at 740th most discounted overall in Australia.

At number 1120th in the list of Australian suburbs ordered by increase in median house value over the last year, Toorak, 3142 is in the BOTTOM 40% with a property value increase of 0.56% recorded in median house prices.

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.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Toorak itself are offering an average vendor discount of -6.14% to real estate investors.

Metrics i HOUSE UNIT
$4,800,000 $905,000
1.59% -3.00%
18.52% 0.56%
6.83% 5.07%
$1,225 $465
149 206
1.33% 2.67%
59.83 55.53

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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