Toorak Gardens is a smaller suburb in South Australia within the Burnside local government area (postcode 5065). With a population of 2,604, the suburb has a mature demographic with a median age of 47. Households earn a median income of $119K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak Gardens is $2.9 million, having surged 14.5% over the past year. Units have a median price of $784,000 (+38.7% YoY). The current median weekly rent is $658. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,575.
Public transport access includes 15 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Burnside LGA is below average at 2,419 incidents per 100,000 population.
From an investment perspective, Toorak Gardens offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.9M/$950K), placing it in the premium segment. The price-to-income ratio of 24.0x is considered stretched. House prices have moved +14.5% year-on-year.
Toorak Gardens is a smaller suburb in South Australia within the Burnside local government area (postcode 5065). With a population of 2,604, the suburb has a mature demographic with a median age of 47. Households earn a median income of $119K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak Gardens is $2.9 million, having surged 14.5% over the past year. Units have a median price of $784,000 (+38.7% YoY). The current median weekly rent is $658. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,575.
Public transport access includes 15 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Burnside LGA is below average at 2,419 incidents per 100,000 population.
From an investment perspective, Toorak Gardens offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.9M/$950K), placing it in the premium segment. The price-to-income ratio of 24.0x is considered stretched. House prices have moved +14.5% year-on-year.