Toorak (postcode 3142) is a settled mid-to-large suburb in Victoria within the Stonnington local government area. The area has roughly 12,817 residents and an older-leaning population, with a median age of 47. Households earn a median income of $132K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, 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 professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Toorak has a median house price of $6.1 million, which has dropped significantly by 8.6% year-on-year. Units have a median price of $780,000 (-20% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $3,152.
Toorak is served by 4 schools, including 1 primary, 3 combined. The average ICSEA score is 1169, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 50 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Stonnington LGA is higher than average at 11,590 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 0.6%, which reads as low yield. Property prices are above the state median ($6.1M/$850K), placing it in the premium segment. The price-to-income ratio of 46.0x is considered stretched. House prices have moved -8.6% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.