201/1 Wallace Avenue

Toorak VIC 3142

The size of Toorak is approximately 4.3 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Toorak in 2011 was 12,870 people. By 2016 the population was 12,907 showing a population growth of 0.3% in the area during that time. The predominant age group in Toorak is 20-29 years. Households in Toorak are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Toorak work in a professional occupation. In 2011, 61.7% of the homes in Toorak were owner-occupied compared with 61.7% in 2016.

Toorak has 9,257 properties. Over the last 5 years, Houses in Toorak have seen a -1.85% decrease in median value, while Units have seen a -6.62% decrease. As at 30 November 2024:

• The median value for Houses in Toorak is $4,744,839 while the median value for Units is $1,085,210.
• Houses have a median rent of $1,225 while Units have a median rent of $600.