Julian Khursigara
Geelong, VIC+5
Melbourne · Inner South
Synonymous with wealth and prestige, Toorak is Melbourne's most exclusive suburb, defined by its grand mansions, leafy boulevards, and an atmosphere of quiet affluence. It offers a blend of opulent historic homes and luxurious modern apartments, attracting a discerning demographic that values privacy, security, and access to high-end amenities.
Last reviewed 14 May 2026
Market snapshot
Official figures
Read 6 October 2026
Median house price by year1
At the 2021 Census
Sources
Toorak 3142 · Inner South. Medians describe sales, not the value of any one home.
Agents on a Pro plan who serve Toorak
Why a buyers agent
Navigating Toorak requires a nuanced understanding of its hierarchy of streets and precincts—the subtle differences between a property on a main road versus a quiet court can translate to millions in value.
Toorak is Australia's benchmark for prestige real estate.
Proximity to Melbourne's most sought-after private schools, including St Catherine's, Loreto, and St Kevin's, is a primary driver for families, ensuring consistent demand for high-quality homes.
From the designer boutiques of Toorak Village to the tranquil banks of the Yarra River, the suburb offers a world-class lifestyle with unparalleled amenity, privacy, and security.
Compare
| Metric | This suburbToorak | NearbyArmadale | NearbyHawthorn | NearbyMalvern |
|---|---|---|---|---|
| Median house | $6,110,000 | $2,351,000 | $3,017,500 | $2,755,000 |
| Median unit | $1,093,000 | $690,500 | $573,500 | $673,000 |
| Year-on-year growth | -2.7% | -3.4% | +0.6% | -16.5% |
| 5-year growth | +11.1% | -10.4% | +19.5% | -3.8% |
| Rental yield | Not available | Not available | Not available | Not available |
| Postcode | 3142 | 3143 | 3122 | 3144 |
Official medians for 2025 from the state Valuer-General, and our calculations from them. Sources are on each suburb page.
The place
Toorak is unequivocally Melbourne's most prestigious address, located just 5km south-east of the CBD. Its character is defined by grand, gated mansions, manicured gardens, and quiet, tree-lined streets that exude an air of privacy and opulence. The suburb is a sanctuary for the city's elite, offering a tranquil lifestyle with easy access to urban amenities.
The area is a major draw for families seeking access to Australia's top private schools. Institutions located within or adjacent to the suburb include St Catherine's School, Loreto Mandeville Hall, and St Kevin's College, with Geelong Grammar's primary campus also in the vicinity.
Toorak's commercial heart is the sophisticated Toorak Village on Toorak Road, a strip of designer boutiques, fine dining restaurants, and exclusive services. The nearby Hawksburn Village offers a slightly more relaxed but equally chic shopping and café scene. For recreation, residents enjoy the leafy expanses of Como Park and the Yarra River trails.
Transport connectivity is excellent. The Toorak Road tram (Route 58) and Malvern Road tram (Route 72) provide direct access to the city and surrounding areas. While Toorak does not have its own train station, Heyington, Kooyong, and Hawksburn stations are all conveniently located on its periphery, servicing the Glen Waverley and Frankston lines. This combination of unparalleled prestige, elite education, and premium amenity solidifies Toorak's status as the pinnacle of Melbourne living.
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Official figures are cited in the figures block above. Editorial review: 14 May 2026.
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