Looking in from the outside, this buyers agent Toorak suburb feature, in Melbourne, will allow the rest of us to have a glimpse into the alluring aspects that make this suburb one of the city’s most exclusive.
Toorak, Melbourne’s most expensive suburb per median house price, is situated approximately 5km south-east of the CBD. In a prime location, Toorak offers various shopping precincts, private schools, as well as a plethora of cafes and restaurants of different cuisines within reach. Home to many of Melbourne’s social elite a combination of grandeur and prestige can be seen with Toorak’s opulent mansions and wide tree-lined boulevards, alongside the presence of mid-rise newer apartments, parks and natural surroundings, exposing the rich history and culture present in the area. Toorak has great transport links via tram, bus and train, or through the Monash Freeway, allowing easy access to the city and to surrounding locations.
|Property data for Toorak||Houses||Units|
|Median house price||$4,000,000 (March 2017)||$815,000 (March 2017)|
|Price per square metre||$7,254|
|Annual capital growth||12.25%||-2.94%|
|Average annual growth||9.90%||3.20%|
|Capital growth since 2012 (5 years)||60.00%||17.20%|
|Median advertised rent||$1,075/week (March 17)||$450/week (March 17)|
|Gross rental yield||-98.59%||2.87%|
|Demographics of Toorak|
|Municipality||City of Stonnington|
|Total Population||13,949 (2014)|
|Median household income||$1,977/week|
|Median housing loan repayment||$2,700/month|
|Average household size||2.2|
|Dominant country of birth||Australia|
|Percentage that work||64%|
|Dominant occupation||22% Managers|
|Household income||37% earning above $2500 (weekly)|
|Dominant dwelling type||45% separate house|
|Property buying information for Toorak|
|Most expensive pocket/s:||Area bordered by Grange Road, Kooyong Road, Toorak Road and the Yarra River.|
|Area bordered by Orrong Road, Hopetoun Road, Toorak Road and Malvern Road.|
|Most affordable pocket/s:||Area bordered by Bruce Street, Alexandra Avenue, Williams Road and Grange Road.|
|Area bordered by Toorak Road, Malvern Road, Williams Road and Canterbury Road.|
|Transport||Train: Heyington Station, Toorak Station, Hawksburn Station|
|Tram: Toorak Road #8, Malvern Road #72|
|Popular Shopping hubs||Toorak Village , Toorak Road Shops, Malvern Road Shops|
|Popular Private Schools||Loreto Mandeville Hall, St. Catherine’s School, Geelong Grammar School – Toorak Campus, St. Kevin’s College|
|Popular Restaurants||Quaff, Topo Gigio, Romeo’s of Toorak, Bistro Thierry, Manhattan|
|Popular Attractions||Como House & Garden, Yarra River Bike and Walking Trails – Gardiners Creek Trail|
This Buyers Agent Toorak suburb feature aims to uncover the appeal of buyers in one of Melbourne most exclusive south-eastern suburbs. Popular with older couples with or without families and young independents or couples due to its proximity to both the bustling suburbs of South Yarra, Prahran and Windsor as well as Melbourne’s CBD, it’s a long standing blue chip suburb with boutique shops, strong transport links as well as exclusive private schools. Home to Victoria’s most expensive property sale at 9 Towers Road for $26.25 million, it’s not hard to see the allure for affluent families to the area.
We know the intricate details of Toorak as well as most suburbs in Melbourne’s inner south-east to ensure we buy the best property for our clients at the best price. The above is just a brief insight in to how thorough we are with our property research which in turn assists our clients to make the right decision with their next purchase. You see the more information we have, the better our buying strategy will be. This ensures our client’s needs are always met and their expectations are always exceeded.
At Luxton Property Group we specialise in purchasing property for investors and premium home buyers. You might just be starting out in the property market or be a seasoned property investor looking for an edge. The above is just a small glimpse in to what we do and how we use our local market knowledge to buy our clients the best property. We have been buying property for over a decade and have a superior buying service at a more affordable price. Request a call today to speak to one of our property buying experts for a no obligation discussion on how we can assist you with your next purchase.