Toorak is an upscale suburb widely regarded as one of the city’s most affluent areas. This blue-chip neighbourhood boasts elegant mansions, manicured gardens, high-end houses, townhomes and luxury apartments, making it a highly desirable place for those seeking grandeur living. Coincidentally, it is the suburb that our buyer agents and property advisors operate from. Our office address is level 3 at 489 Toorak Road, Toorak.
Additionally, Toorak Village is renowned for its fashion boutiques, sunny street cafes, fine dining, luxurious beauty parlours and hair salons, the best in medical and professional business advice, and the annual Toorak Village Sculpture Exhibition. (City of Stonnington)
Key economic indicators
- 14,000 people live nearby, and approximately 700 work in the precinct.
- 17 per cent of people are aged 35 to 49.
- 42 per cent of households are high-income, with a median weekly income of $2,538.
- 192 businesses in Toorak Village generated $295M spend, with the largest sector being retail (44 per cent).
- Residents of Toorak spent $75.9M locally in Toorak Village in 2021, with visitors spending $128.6M.
History of Toorak
Toorak has a long and illustrious history dating back to the 1840s when it was founded as a farming community. Today, it stands as one of Melbourne’s most luxurious suburbs, drawing the attention of wealthy residents, celebrities and investors from all corners of the globe.
The suburb of Toorak takes its name from Toorak House, an Italianate residence that James Jackson, a merchant, constructed in 1849.
Real Estate Prices in Toorak
Toorak’s real estate market is exclusive and luxurious, offering a range of properties from lavish apartments to sprawling estates, with prices ranging from entry-level apartments to this recent sale at 80 million AUD.
29-31 Georges Road, Toorak, 3142
According to realestate.com.au, the median house price in Toorak is approximately $5 million. Some of the most sought-after streets in Toorak include St Georges Road, Lansell Road, Albany Road & Irving Street.
Here are four properties that have SOLD in Toorak that we would consider for our clients.
6 McMaster Court, Toorak 3142
89 Grange Road, Toorak, 3142
9 Towers Road, Toorak, 3142
3 Macquarie Road, Toorak, 3142
Suppose you’re looking for a home like the ones featured above. Please get in touch with our buyer agents in Toorak, as we have access to pre and off-market properties and can add immense value to your home-buying journey.
Parks and Recreation in Toorak
Toorak offers several beautiful parks and gardens, such as; Toorak Park, Como Park, and the Royal Botanic Gardens. These green spaces allow residents to enjoy outdoor activities such as picnicking, walking, and cycling. Moreover, Toorak Park is a popular destination for sports enthusiasts, featuring tennis courts, a cricket ground, and a football oval.
Dining Experiences in Toorak
Toorak’s dining scene is second to none, offering diverse cuisine to suit every taste. For a casual dining experience, the Toorak Village showcases several cafes and bakeries serving delicious pastries, coffee, and sandwiches. (Toorak Village)
We are also featured on Toorak Village website – https://www.toorakvillage.com.au/business-directory/industry-insider-property
The Toorak Village is undergoing a significant makeover with the recent completion of the $250 million St Germain building by Vicland’s Bill McNee
https://www.commercialrealestate.com.au/news/the-resurgence-of-toorak-village-1190229/
Here are some go-to cafes, restaurants & pubs in Toorak;
Cecconi’s
Cucina Toorak
Romeo’s Toorak
Cafe Latte
Loma Australia
Lemelt
Yuca Melbourne
Via Torino
Dan’s Deli
Monkey Bean
MO Cafe
Bistro Thierry
Laurent
Schools in Toorak
Toorak is home to some of Melbourne’s most prestigious schools, including St Catherine’s School. This school is renowned for its academic excellence and offers a range of extracurricular activities, including sports, music, and drama. Other schools located in the Toorak catchment are the following;
Toorak Primary School
Loreto Mandeville Hall
Geelong Grammar School – Toorak Campus
St. Kevin’s College
St. Kevin’s College – Glendalough
Transportation in Toorak
Regarding accessibility, Toorak has a multitude of transportation options for both residents and visitors to travel around the area and other parts of the city.
It boasts several tram stops, including the Route 8 and Route 72 trams trailing Toorak Road and Malvern Road. These trams grant effortless access to the city centre, St Kilda, and nearby suburbs.
For those opting for trains, Heyington Station is situated on Glenferrie Road and provides access to the city’s train network. Taxis and ride-sharing services, such as Uber and DiDi, are abundant in Toorak, facilitating easy travel to and from the area.
To sum it up, Toorak is a blue-chip suburb that has it all – from luxurious real estate to rich history, beautiful parks, and top-notch dining experiences. With its prestigious schools and thriving community, it’s no wonder that Toorak is one of Melbourne’s most sought-after locations.
Watch our latest video featuring our founder Andrew Date, who shares his insights gained from over a decade of experience as an Auctioneer, Buyer Agent & Advisor in Melbourne. Andrew talks about our negotiation service and how we purchased a property at auction in the neighbouring suburb of Armadale.
Industry Insider Property is an independent advisory company committed to helping buyers & sellers achieve their desired outcomes. Our experienced team will guide, execute, and deliver the best possible results for your property purchase. To save time, reduce stress, and potentially save or make money in the long run, hiring a buyer’s agent or selling advisor is your secret weapon when buying and selling a property.
Contact us today via phone at +613 8374 7652, email at admin@industryinsider.com.au, or text message at +613 402 346 810 to learn more about our services and how we can help you buy or sell.
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Industry Insider Property
Level 3, 489 Toorak Road, Toorak 3142
+613 8374 7652
+613 402 346 810
industryinsider.com.au
