Suburb Profile Report for Toorak VIC (3142)

Toorak House: Median price $4,550,000, Annual capital growth 5.84%, Number of sales 146, Weekly median advertised rent $1,395

Toorak Unit: Median price $910,000, Annual capital growth 4.34%, Number of sales 177, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Toorak, 3142 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.19%

If we look at median property appreciation over just the last three months, Toorak has given property investors a paper return of -1.09%. This puts Suburb as 590 on a list of fastest fasting appreciating suburbs in VIC

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.04% offered to property buyers. Sellers in Toorak itself are offering an average vendor discount of -12.40% to real estate investors.

Residents and property investors in Toorak have been waiting around 96.69 days to sell a property.

Property investors should expect to get $1395 weekly from the median priced house in this suburb.

Toorak has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -11.65% to date .

If we look at median property appreciation over just the last three months, Toorak has given property investors a paper return of 5.81%. This puts Suburb as 45 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Toorak 3142 should be seeing an average reduction in asking price of around -3.87% . This means that Toorak is holding prices well when compared to other suburbs in VIC.

In the last year 177 properties changed hands in Toorak, which puts it as the 43th most active market in VIC when comparing the number of sales per suburb.

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

Metrics i HOUSE UNIT
$4,550,000 $910,000
-1.09% 5.81%
-3.19% -11.65%
5.84% 4.34%
$1,395 $480
146 177
1.59% 2.74%
96.69 59.06

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
Chart Table
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