Thinking about buying in Toorak? Now could not be a better time, with 9865 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $4,389,000 with prices in this suburb ranging from $68,000 to $60,590,000. Toorak is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Toorak Real Estate Market Outlook

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.

Properties for sale Toorak

	UNIT 8, 14 SPRINGFIELD AV, TOORAK, VIC, 3142	3	2		$2,600,000 - $2,750,000
	UNIT 9, 53 GRANGE RD, TOORAK, VIC, 3142	2	1	1	$750,000 - $800,000
	UNIT 11, 27 WALLACE AV, TOORAK, VIC, 3142	1	1	1	$445,000 - $485,000
	UNIT 8, 17 MYOORA RD, TOORAK, VIC, 3142	2	1	1	$700,000 - $750,000
	UNIT 6, 2A MYOORA RD, TOORAK, VIC, 3142	1	1	1	$355,000 - $385,000
	UNIT 3, 631 ORRONG RD, TOORAK, VIC, 3142	3	3	2	$2,525,000
	UNIT 1, 631-633 MALVERN RD, TOORAK, VIC, 3142	2	1	1	$700,000 - $770,000
	UNIT 7, 4 LAMBERT RD, TOORAK, VIC, 3142	3	1		$1,685,000
	UNIT 67, 145 CANTERBURY RD, TOORAK, VIC, 3142	1	1		Under Contract
	UNIT 17, 14 SPRINGFIELD AV, TOORAK, VIC, 3142	1	1	1	Private Sale $400,000 - $440,000
	UNIT 1, 91 GRANGE RD, TOORAK, VIC, 3142	3	1	1	Auction $2,300,000 - $2,500,000
	UNIT 9, 298 WILLIAMS RD, TOORAK, VIC, 3142	1	1	1	$365,000 - $395,000
	UNIT 1, 1077-1079 MALVERN RD, TOORAK, VIC, 3142	5	4	2	EXPRESSIONS OF INTEREST
	UNIT 1, 409 TOORAK RD, TOORAK, VIC, 3142	5	2	2	3700000
	UNIT 4, 631 ORRONG RD, TOORAK, VIC, 3142	3	3	2	2300000
	UNIT 3, 83 MATHOURA RD, TOORAK, VIC, 3142	1	1	1	$390,000 - $429,000
	UNIT 11, 703 ORRONG RD, TOORAK, VIC, 3142	2	2	2	$1,550,000 - $1,705,000
	671 ORRONG RD, TOORAK, VIC, 3142	4	2	2	$2,600,000 - $2,800,000
	UNIT 95, 145 CANTERBURY RD, TOORAK, VIC, 3142	3	2	4	$1,250,000 - $1,350,000

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General Points of Interest

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