Toorak
Suburb profile, market snapshot and recent listings for Toorak, VIC 3142.
About Toorak
Welcome to Toorak
Toorak sits about five kilometres southeast of the Melbourne CBD, tucked between Prahran, Armadale, Kooyong, St Kilda East and the Yarra River. It has long been Melbourne's most prestigious address, known for its wide tree-lined streets, grand period homes and a level of privacy that belies its proximity to the city.
This is a suburb that suits established families, professionals and downsizers who want space, quiet and a sense of permanence, along with easy access to Chapel Street and the Yarra parklands. With a population of just under 13,000 and a median age of 47, Toorak has a settled, low-turnover feel rather than the churn of inner-city rental pockets.
Lifestyle & dining
Toorak Village, centred on Toorak Road, is the suburb's social hub — a strip of boutiques, cafés and restaurants that has serviced the area's well-heeled residents for generations. It has a distinctly low-key, old-money atmosphere compared with the busier retail strips of neighbouring Prahran and Armadale, where residents often head for a wider spread of dining, bars and Chapel Street shopping when they want more buzz.
Parks & recreation
The suburb backs onto the Yarra River and its parklands, giving residents access to walking and cycling trails, as well as leafy reserves such as Fawkner Park and Central Park nearby. Combined with its own generous private gardens, Toorak offers a green, spacious feel that's unusual for a suburb this close to the CBD.
Schools & families
Education is one of Toorak's defining features, with several of Melbourne's best-known independent schools either in the suburb or close by. Geelong Grammar School's Toorak campus, Loreto Mandeville Hall and St Kevin's College (along with its Glendalough site) all serve the area, while Toorak Primary School caters to local families needing a government option. This concentration of prestigious schooling is a major drawcard for families choosing to settle here long-term.
Getting around
Toorak is well served by the Sandringham railway line, with Toorak and Hawksburn stations offering a direct run into the CBD, and Kooyong station just over the border adding another option. Tram routes along Toorak Road and nearby High Street connect residents to Chapel Street, Prahran and the city, while proximity to major roads makes it straightforward to reach the CBD or the bayside suburbs by car.
Housing & architecture
Toorak's streetscape is defined by grand Victorian and Edwardian mansions, elegant interwar apartment blocks and manicured gardens, though the current listing mix tells a more layered story: apartments and units make up around 55% of listings, houses 38%, townhouses 6% and land 1%. This reflects a suburb where trophy family homes sit alongside a substantial stock of boutique apartment buildings, many built decades ago and prized for their period character and generous floorplans.
The property market
Toorak remains one of Melbourne's most expensive suburbs, with a median house price of $2.73 million and a median unit or apartment price of $838,000, underlining the gap between its landmark houses and its apartment stock. Median rent sits at $1,250 a week, in keeping with the suburb's premium positioning. Recent figures show house prices have pulled back by 21.9%, a reminder that even blue-chip markets move in cycles, and one that may open a window for buyers who have long had Toorak on their wish list.
Market snapshot
Toorak property market
Median sale price
$2.73m
House · 3 bed
Median rent
$1,250
per week
Gross rental yield
2.4%
annual rent ÷ sale price
Typical price range
Entry
$1.57m
Median
$2.73m
Premium
$8.35m
Days on market
41
Auction clearance
56%
Sold this year
58
Median sold price trend · House 3 bed
Compound growth -1.0% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Toorak by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Toorak, VIC 3142.
Population
12,817
residents (2021)
Median age
47
years
Household income
$2,533
median, per week
Median rent
$486
per week
Median mortgage
$3,152
per month
Mortgage / income
29%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Toorak
Government school catchment
Independent & Catholic schools
Geelong Grammar School - Toorak campus
St Kevin's College - Glendalough
Recent results
Recently sold in Toorak
$850k
6/183 Kooyong Road
Sold ~July 2026
$2.50m
34 Canberra Road
Sold ~July 2026
$1.10m
11/16 Tintern Avenue
Sold ~July 2026
$333k
9/8 Lambert Road
Sold ~July 2026
$670k
UNIT 7/9 Canterbury Road
Sold ~July 2026
$970k
1/14 Lansell Road
Sold ~July 2026
$1.42m
65 Fairbairn Road
Sold ~July 2026
$7.50m
5 Russell Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Toorak
Compare the area
Price map around Toorak
Every listing for sale near Toorak, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Nearby suburbs
Quick switch to nearby areas
Common questions
Toorak suburb FAQ
What is the median property price in Toorak?
The median unit price in Toorak, VIC is $838k for a 2-bedroom home. Over the past year, median sold prices have risen about 3.4%.
How much is rent in Toorak?
The median weekly rent in Toorak is around $670 per week.
Is Toorak a good place to live?
Toorak is an inner suburb of Melbourne, Victoria, Australia, 5 km (3.1 mi) south-east of the Melbourne central business district, located within the City of Stonnington local government area. Toorak is an established residential suburb in VIC, with a population of around 12,817 and 5 schools in the area.
What is the population of Toorak?
Toorak has a population of 12,817 (ABS 2021 Census), with a median age of 47.
What schools are in Toorak?
There are 5 schools in or near Toorak, including Geelong Grammar School - Toorak campus, Loreto Mandeville Hall and St Kevin's College.
How long do homes take to sell in Toorak?
Properties in Toorak take around 47 days to sell on average, with an auction clearance rate of about 75%.
How much do you need to buy in Toorak?
Entry-level properties in Toorak start around $606k, while premium homes reach $2.33m.
What suburbs are near Toorak?
Suburbs near Toorak include Prahran, Armadale, Kooyong, St Kilda East and Yarra.
Fresh to market
New this week in Toorak
Prime Toorak Landholding With Outstanding Potential
'The Poplars' - Spacious light filled living
The Art of Living
Available now
Properties in Toorak
Prestigious Urban Sanctuary
Luxury Without Compromise in a Premier Toorak Setting
Enduring Design, Exceptional Scale
Architectural Excellence with Panoramic Views
The Brookville Penthouse | 5 Brookville Road, Toorak, VIC 3142
