Making a move to Toorak, VIC 3142? It's critical to decide if the suburb ticks all the boxes regarding your budget and lifestyle. The Homes.com.au suburb profile provides the statistics on Toorak house prices, demographics & market trends so that we can help you make an intelligent decision about your future purchase.
If you're looking at buying in Toorak, have a little read of our historical overview to discover more about the lifestyle and what makes this suburb so great.
Overview Toorak is a suburb of Melbourne, Victoria, located about five kilometres away from the Melbourne central business district. The suburbs surrounding Toorak are Richmond, Burnley, Hawthorn, South Yarra, Kooyong, Prahran, Armadale, and Malvern. To date, the Toorak has 12,909 residents (based on the 2016 census).
Living in Toorak Toorak is synonymous with the words “wealth and privilege” as the suburb has long been home to the most elite families in Melbourne and is ranked as one of the most prestigious neighbourhoods in Australia.
The suburb has also been a location of numerous consulate offices, such as the US, Britain, China, Switzerland, Monaco and Sweden.
The suburb's main street is Toorak Road, where most commercial establishments, such as speciality shops and cafes, are located.
Several schools operate in the suburb, including St. Catherine’s School, St. Kevin’s College, Loreto Mandeville Hall and Toorak Central School. For sports facilities, Toorak has The Royal South Yarra Lawn Tennis Club and the Kooyong Stadium, which is the former home of the Australian Open.
History of Toorak Toorak is named after Toorak House, which was built in 1849 by Italian merchant James Jackson. Before completing the current Government House, Toorak House served as a residence for Captain Sir Charles Hotham, Victoria’s first governor, and his other successors.
Around the late 1800s, many elaborate mansions were built in Toorak, with the suburb becoming a favoured location of Australia’s wealthiest.
Today, only a few 19th-century residences remain in the suburb, including the Illawarra House and the most expensive house in Melbourne, Coonac.
Get a better understanding of the Toorak property market by partnering with a skilful Toorak real estate agent on our find agent page.
The postcode for Toorak, VIC is 3142