At number 1061th 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 12.50% 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 29th in VIC.
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 -6.33% is being offered, which puts this VIC suburb at 1467th most discounted overall in Australia.
At number 1392 in a list of fastest selling suburbs, Toorak is in the TOP 40% of suburbs in Australia with an average of days on market 66.61 for properties listed there.
VIC has seen average median house prices change by 4.79% which means that Toorak, 3142 has done well for property investors by showing a capital gain of 4.44% over the last year
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.
Our latest figures would indicate that property sellers in Toorak are currently offering property investors an average price cut of -5.27% below the asking price at the moment.
Often selling an investment property can take time, and in Toorak the average time real estate has been on the market is 58.2 days.