Toorak VIC 3142
Toorak is in Stonnington LGA, VIC, postcode 3142, with population 12,817.
Strong evidence
Toorak has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Toorak rents screen above the local benchmark. Use this as a rent-market signal, not a street-level listing read.
Open matching rent ranking →738 latest-year approvals in Stonnington, +0.0% YoY; population +1.3% YoY (0.4% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent-pressure candidate
Toorak rents screen above the local benchmark. Snapshot rent $688/wk.
Use this as a rent-market signal, not a street-level listing read.
Toorak has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
No major visible gaps in the current status panel.
Toorak currently reads as a premium-market candidate with a livability-led secondary angle.
School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal. Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
Compare it against one challenger, then use the AU calculator to model the financial case.
School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal. Higher SEIFA context supports a stronger local-quality read.
Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Toorak VIC
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. 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 +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak is $5.3 million, having dropped significantly 14.2% over the past year. Units have a median price of $975,000 (-18.7% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 0.7%. 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 0.7%, rated as low yield. Property prices are above the state median ($5.3M/$875K), placing it in the premium segment. The price-to-income ratio of 40.4x is considered stretched. House prices have moved -14.2% year-on-year. Population growth of +1.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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. 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 +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Toorak is $5.3 million, having dropped significantly 14.2% over the past year. Units have a median price of $975,000 (-18.7% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 0.7%. 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 0.7%, rated as low yield. Property prices are above the state median ($5.3M/$875K), placing it in the premium segment. The price-to-income ratio of 40.4x is considered stretched. House prices have moved -14.2% year-on-year. Population growth of +1.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Toorak FAQ
Common questions-
What LGA is Toorak in?
Toorak is in the Stonnington Local Government Area, VIC, postcode 3142. Council-level context for Stonnington LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Toorak?
The current median house price in Toorak, VIC is $5.3M, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Toorak?
The median weekly rent in Toorak is $688/wk, based on the current market rent dataset. The current rent signal is rent-pressure candidate.
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What does the rent signal say about Toorak?
Rent-pressure candidate: Toorak rents screen above the local benchmark. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Toorak a good investment?
QuickProperty's investment signals for Toorak show: Low Yield, Above Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Toorak?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Toorak data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.