Toorak Gardens (postcode 5065) is a compact suburb in South Australia within the Burnside local government area. With a population of 2,604, the suburb has a settled, mature resident base with a median age of 47. Households earn a median income of $119K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak Gardens is $2.9 million, having risen by 2.1% over the past year. Units have a median price of $784,000 (+38.7% YoY). The current median weekly rent is $669. 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 shows a gross rental yield of approximately 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 24.5x is considered stretched. House prices have moved +2.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.