Toorak is a well-established suburb in Victoria within the Stonnington local government area (postcode 3142). With a population of 12,817, the suburb has a mature demographic with a median age of 47. Households earn a median income of $132K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak is $6.1 million, having dropped significantly 8.6% over the past year. Units have a median price of $975,000 (-18.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 0.5%. 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 12,012 incidents per 100,000 population.
From an investment perspective, Toorak offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($6.1M/$875K), 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.
Toorak is a well-established suburb in Victoria within the Stonnington local government area (postcode 3142). With a population of 12,817, the suburb has a mature demographic with a median age of 47. Households earn a median income of $132K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak is $6.1 million, having dropped significantly 8.6% over the past year. Units have a median price of $975,000 (-18.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 0.5%. 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 12,012 incidents per 100,000 population.
From an investment perspective, Toorak offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($6.1M/$875K), 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.