Toorak is a suburb of Melbourne located 5km south-east from Melbourne’s Central Business District. Regarded as one of Melbourne’s exclusive suburbs, Toorak offers clients great positioning for Capital Growth as a long-standing prestigious suburb despite intense subdivisions of larger lots in the 1880s, 1920s and 1960s.
A stroll through Toorak will reveal jaw-dropping historic mansions accompanied by luxurious and totally contemporary homes and smaller period houses. There is also a plethora of apartment options throughout Toorak ranging from mid-century blocks to ultra-modern apartment complexes.
Over the last 3 years, Toorak has recorded an average of 4.6% p.a. and 5.7% p.a. over the last 10 years. It is predicted that these figures will increase to 6% in the next 8 years.
Median Property Prices (August):
- Purchase: $2,812,500
- Rent: $995 PW
- Purchase: $765,000
- Rent: $420 PW
Source: Residex, REA August 2014
Speak to one of our expert buyers advocates Melbourne about how we can help you secure the right property in Toorak. Our buyer’s agents are highly trained and ready to help.
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