Toorak at a glance
Median house
$5,000,000
Median unit
$950,000
Weekly rent
$1,250
Houses · units $650
Gross yield
1.3%
Houses, on the median
Population
12.8k
Median age 47
Walk score
28
Car dependent
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
Houses change hands at $5,000,000 on a typical sale, well above the Victoria median. Units come in around $950,000, roughly 81% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $1,000,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
House prices in Toorak.
Median house price
$5,000,000
Median unit price $950,000.
Median · Land Victoria · the latest published quarter (updated May 2026)
Rental and ownership
Weekly rent (house)
$1250/wk
Weekly rent (unit)
$650/wk
Owner occupied
65%
Renter occupied
31%
At a deeper level
$5,000,000
$950,000
12,817
Median age: 47
Rental data as of September 2025· rental-vic
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The brief
What to know about Toorak.
Toorak's median house price is $5,000,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)).
Postcode 3142 (VIC), City of Stonnington, part of Greater Melbourne.
Toorak (3142) sits in the Stonnington region of Victoria. The median house here is $5,000,000, well above the Victoria median of around $850K.
Toorak has roughly 12,817 residents, with an established, older skew. Households are mostly owner-occupied. Daily life is car-friendly: most residents drive to work, school and the shops.
Side by side
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Day to day
What it’s like to live here.
Toorak scores 28/100 on walkability, which makes it car-friendly with workable public transport options. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 5 government primary, 3 government secondary, 5 Catholic, 7 independent.
Who lives here
Demographics.
The 2021 Census put Toorak's population at 12,817, with a median age of 47. That sits as an established, older skew. Households are mostly owner-occupied (65% own, 31% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (60% family households, 35% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
12,817
Median age
47
Family households
60%
Lone person
35%
Demographics data as of May 2026· ABS 2021 Census
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For investors
Investment overview.
Gross rental yield on houses sits at 1.30% (median rent $1250/wk against a $5,000,000 price tag). Units yield 3.56% gross, often the better cash-flow play for first-time investors. With 31% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20261.30%
Based on $5,000,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20263.56%
Based on $950,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202665%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
807
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2026· State Police Open Data
Getting around
Walkability.
28
70
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Toorak.
Local schools for Toorak
View the catchment for each school to find out more.
Government School Catchment
Toorak Primary School
Armadale Primary School
Malvern Central School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Toorak.
- What is the median house price in Toorak?
- The median house price in Toorak, VIC 3142 is $5,000,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $950,000.
- How much is my house worth in Toorak?
- A useful starting point is the Toorak median house price of $5,000,000 (units $950,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Toorak a good investment?
- On the published figures, the gross rental yield on houses in Toorak is 1.3%: the median weekly house rent is $1,250 (Victorian rental report, September 2025) against the median house price of $5,000,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Toorak: the Land Victoria figures we hold do not measure one. Whether Toorak is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Toorak postcode?
- Toorak is in the 3142 postcode, in VIC, in the City of Stonnington region.
- Where is Toorak?
- Toorak is a suburb of Melbourne, in VIC 3142. It is part of the Greater Melbourne area, in the City of Stonnington region.
- What is the average rent in Toorak?
- The median weekly rent for houses is $1250, for units it's $650.
- What schools are in Toorak?
- There are 20 schools serving Toorak on this page, including St Catherine's School, Loreto Mandeville Hall, Toorak Primary School.
- How walkable is Toorak?
- Toorak has a Walk Score of 28 out of 100, car-dependent for most errands. transit score 70, bike score 100.
- What suburbs are near Toorak?
- Toorak is close to Malvern North, Armadale North, Kooyong, Hawksburn, Armadale.
- What is the population of Toorak?
- The population of Toorak is approximately 12,817 (2021 Census). The median age is 47.
Toorak
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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