Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $3,200,000, Annual capital growth 3.21%, Number of sales 169, Weekly median advertised rent $1,200

Toorak Unit: Median price $811,000, Annual capital growth 3.78%, Number of sales 108, Weekly median advertised rent $495

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

If you compare the increase in value of investment property in Toorak, 3142 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -31.91%.

A 9.31% growth in median value for property investors in Toorak,3142 puts this suburb at number 720th in terms of best performing suburbs in VIC

Renters in Suburb are facing rents around $62400 per annum or $1200 every week.

Property value increases in Toorak have tracked just lower than the VIC average of 2.97% over the last 12 months.

Across a shorter period, Toorak, 3142 has seen a median price increase of 3.97% over the last quarter.

Property buyers and investors in Toorak 3142 should be seeing an average reduction in asking price of around -5.93% . This means that Toorak is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Toorak have been waiting around 66.09 days to sell a property.

Metrics i HOUSE UNIT
$3,200,000 $811,000
-15.79% 3.97%
-31.91% -5.15%
3.21% 3.78%
$1,200 $495
169 108
1.95% 3.17%
51.73 66.09

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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