Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $4,500,000, Annual capital growth 7.01%, Number of sales 104, Weekly median advertised rent $1,215

Toorak Unit: Median price $1,137,500, Annual capital growth 6.42%, Number of sales 157, Weekly median advertised rent $510

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Toorak, 3142 ranked 18th in VIC when comparing growth in median property values or capital gain over the last 12 months. Toorak is one of 2099 in our list for VIC

Across a shorter period, Toorak, 3142 has seen a median price increase of 3.45% over the last quarter.

The VIC suburb of Toorak, 3142 is in the Stonnington (C) local government area.

Property investors who have had real estate in Toorak, 3142 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 28.10%

Toorak,3142 has offered an average of 28.10% return per annum in house price rises to property investors over the last three years.

The most recent median price for Toorak is $1137500, with sellers offering an average of -6.29% off the asking price.

On average over the past year, suburb has had 13.08 sales per month, which equates to 157 per year.

Metrics i HOUSE UNIT
$4,500,000 $1,137,500
3.45% -2.67%
33.33% 28.10%
7.01% 6.42%
$1,215 $510
104 157
1.40% 2.33%
75.3870967741936 79.1692307692308

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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