Toorak, Melbourne
Property insights
Discover Toorak (VIC 3142): Melbourne’s blue‑ribbon suburb with grand period homes, boutique apartments, top private schools and quick CBD access. Market snapshot, schools, transport, amenities, pros/cons and practical buying tips for 2026.
Tips for Buyers
- 1.Decide on lifestyle/capital growth vs income—Toorak favours growth buyers.
- 2.Use recent sold data (Domain/CoreLogic/Realestate) and small‑area comparables.
- 3.Inspect period homes for land/renovation potential and older apartments for space value.
- 4.Confirm school catchments and campus addresses before committing.
- 5.Check City of Stonnington planning overlays if considering renovation/redevelopment.
- 6.Factor in high holding costs, maintenance and stamp duty on high‑value purchases.
Common Property Types
- • Victorian and Edwardian mansions
- • Federation and interwar terraces
- • Renovated modern family homes
- • Luxury prestige estates
- • Boutique apartments and larger older units/townhouses
Who Lives Here
Population ~12,800 (ABS 2021). High incomes, many professionals and managers, strong owner‑occupier rates, smaller household size (~2.1). Mix of wealthy families, empty‑nesters and apartment professionals.
Transport
- • Toorak Railway Station (Frankston line) — ~10–12 minutes to Flinders Street
- • Tram route 58 along Toorak Road (Toorak Village → city)
- • Bus routes including 604/605 for local cross‑suburb links
- • 4–6 km drive to CBD; 10–20 minutes off‑peak
Schools
- • Toorak Primary School (public)
- • St Catherine’s School, Toorak (independent girls’ school)
- • Loreto Mandeville Hall (Toorak)
- • St Kevin’s College (Toorak campus presence)
Amenities
- • Toorak Village boutiques and cafés (Monkey Bean, Sezanas, Townhouse (Mo Café), Funkies Café, The Egg Shop, Laurent Patisserie, Stocked Food Store, Dumpling Collective)
- • Como Park & Como Park North (Yarra river edge, ovals, playgrounds, paths)
- • Royal South Yarra Lawn Tennis Club and local sporting clubs
- • Local GPs and specialist clinics; hospitals nearby in inner‑east suburbs
Toorak remains a prestige, capital‑growth focused market with tight supply and price dispersion by street. Good for long‑term wealth preservation and growth; weak for short‑term rental income due to low yields.
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