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Unit 11,
27 WALLACE AVENUE Toorak VIC 3142

This property is Off Market

All about Toorak Homes for sale in Toorak

  • The Average property price in this area is $4,387,257, this is based on recent transactions.
  • Internet speed Download 1000 Mbps / Upload 400 Mbps
  • Distance to the coast 4.14 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Potential Land Contamination risk
  • Powerlines within 200m 0
street view icon Street view
School Catchments

Property For Sale Nearby

OneAgency UNIT 9, 298 WILLIAMS RD, $365,000 - $395,000 1 Beds - 1 Baths - 1 Parking Within 0.2 km Ray White UNIT 1, 409 TOORAK RD, 3700000 5 Beds - 2 Baths - 2 Parking Within 0.3 km Belle Property UNIT 9, 53 GRANGE RD, $750,000 - $800,000 2 Beds - 1 Baths - 1 Parking Within 0.4 km Belle Property UNIT 67, 145 CANTERBURY RD, Under Contract 1 Beds - 1 Baths - Parking Within 0.5 km Woodards UNIT 95, 145 CANTERBURY RD, $1,250,000 - $1,350,000 3 Beds - 2 Baths - 4 Parking Within 0.5 km Woodards UNIT 3, 83 MATHOURA RD, $390,000 - $429,000 1 Beds - 1 Baths - 1 Parking Within 0.6 km Woodards UNIT 11, 703 ORRONG RD, $1,550,000 - $1,705,000 2 Beds - 2 Baths - 2 Parking Within 0.6 km Nelson Alexander UNIT 1, 91 GRANGE RD, Auction $2,300,000 - $2,500,000 3 Beds - 1 Baths - 1 Parking Within 0.7 km Belle Property UNIT 8, 14 SPRINGFIELD AV, $2,600,000 - $2,750,000 3 Beds - 2 Baths - Parking Within 0.8 km Belle Property UNIT 17, 14 SPRINGFIELD AV, Private Sale $400,000 - $440,000 1 Beds - 1 Baths - 1 Parking Within 0.8 km Woodards 671 ORRONG RD, $2,600,000 - $2,800,000 4 Beds - 2 Baths - 2 Parking Within 0.8 km Belle Property UNIT 7, 4 LAMBERT RD, $1,685,000 3 Beds - 1 Baths - Parking Within 1.0 km Belle Property UNIT 1, 631-633 MALVERN RD, $700,000 - $770,000 2 Beds - 1 Baths - 1 Parking Within 1.1 km Ray White UNIT 4, 631 ORRONG RD, 2300000 3 Beds - 3 Baths - 2 Parking Within 1.1 km Belle Property UNIT 3, 631 ORRONG RD, $2,525,000 3 Beds - 3 Baths - 2 Parking Within 1.1 km Belle Property UNIT 8, 17 MYOORA RD, $700,000 - $750,000 2 Beds - 1 Baths - 1 Parking Within 1.3 km Belle Property UNIT 6, 2A MYOORA RD, $355,000 - $385,000 1 Beds - 1 Baths - 1 Parking Within 1.3 km PRD UNIT 1, 1077-1079 MALVERN RD, EXPRESSIONS OF INTEREST 5 Beds - 4 Baths - 2 Parking Within 2.2 km

Recently Sold Properties in this Area

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About Toorak

With an average age of 46, households expect an average monthly mortgage payment of $2,300 or a weekly rent payment of $476. The average family earns a weekly income of $3,107 with a typical household size of 1.8 and a 94.57% employment rate.

Consistent high demand relative to supply is a key feature in Toorak driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Toorak ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Toorak classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Toorak to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Public Transport

General Points of Interest

Population

(Country of Birth not stated 5%)

Are people healthy?

There are a recorded 1109 asthma sufferers and 591 people living with diabetes. In addition, 733 people have a heart/vascular condition and 995 people live with three or more chronic diseases.

A good place to invest in property?

Toorak a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Victoria State average 44 / 100

Income

96 / 100

52 / 100

Industry

35 / 100

17 / 100

Population

23 / 100

32 / 100

House Prices

85 / 100

70 / 100

Jobs

47 / 100

34 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

  • School Catchments
    Melbourne Girls College Toorak Primary School Auburn High School

  • Armadale Primary School

    Armadale, VIC, 3143 State Prep-6

  • St Kevin's College

    Toorak, VIC, 3142 Independent Prep-12

  • Melbourne High School

    South Yarra, VIC, 3141 State 9-12

  • St Catherine's School

    Toorak, VIC, 3142 Independent Prep-12

  • Our Lady of Lourdes School

    Prahran, VIC, 3181 Independent Prep-6

  • Kamaruka

    South Yarra, VIC, 3141 Independent 3-10

  • Melbourne Girls Grammar

    South Yarra, VIC, 3141 Independent Prep-12

  • Loreto Mandeville Hall

    Toorak, VIC, 3142 Independent Prep-12

Property Story

Unit 11, 27 Wallace Avenue, Toorak, Vic, 3142 is a residential property . The estimated distance to the sea is 4.14km and 0.58KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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  • 134 Acme Avenue Street, Town, State

    Description - Details the application. Type and other information pertaining to the development application and more...

    Authority Reference: UX0909823-GOV Website

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The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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