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Updated March 2026

Toorak: $3.8M Median, 210 Microburbs, $483K-to-$20.6M Range

9,869 addresses across 210 microburbs. Unit-dominated (6,455 units, 3,383 freestanding houses). Block-level price data from $483K to $20.6M.

Median House
$3.8M
Melbourne
Median Unit
$1.3M
Median Rent
$2K/wk
Addresses
9,869
Unit-dominated
Microburbs
210
Block-level data

What Does Your Budget Buy in Toorak?

The $3.8M median tells you very little. Here is what each price band looks like, based on block-level data across 181 microburbs with price data.

$483K - $2.7M
Entry level. Older stock, smaller lots, properties needing work.
$2.7M - $3.8M
Mid-range. Updated homes on standard lots. Solid family options.
$3.8M - $5.6M
Upper range. Renovated or larger homes in sought-after pockets.
$5.6M - $20.6M
Premium. Top-tier homes, best positions, fully renovated or new builds.
Layer:
210 microburbs mapped. Houses: $483K to $20.6M. Full Toorak report
Get the full Toorak report from $49

What Makes Toorak Different

What agents are selling

Based on 98 listing descriptions analysed by Microburbs.

The numbers

Toorak Has 4 Distinct Price Tiers

Prices vary by over $20.1M depending on which block you buy. The suburb splits into clear micro-markets.

Entry Level (Albany, Ashe, Balmerino, Benson)

  • Median $1.9M, range $483K to $2.7M
  • 45 microburbs in this price band
  • Older stock, smaller lots, or properties needing work
  • Best value entry point to the suburb

Core Family (Albany, Alexandra, Balmerino, Baxter)

  • Median $3.4M, range $2.7M to $3.8M
  • 45 microburbs in this price band
  • Updated homes on standard lots
  • Highest sales volume sits in this band

Upper Range (Albany, Balmerino, Barnard, Berenice)

  • Median $4.7M, range $3.8M to $5.5M
  • 45 microburbs in this price band
  • Renovated or larger homes in sought-after streets

Premium (Albany, Balfour, Balmerino, Bellaire)

  • Median $8.0M, range $5.6M to $20.6M
  • 46 microburbs in this price band
  • Top-tier positions, fully renovated or new builds
  • Tightly held. Rarely come to market

Street-Level Median Prices

Median house price by street, top 8 streets by sales volume.

StreetMedianTotal Sales% RentersTurnover
Toorak Road$545K20326%9.1 yrs
Grange Road$505K6623%12.1 yrs
Lansell Road$860K5625%4.8 yrs
Tintern Avenue$441K4528%12.5 yrs
Washington Street$688K4345%10.2 yrs
Williams Road$365K3842%7.6 yrs
Bruce Street$785K3847%9.3 yrs
Kooyong Road$1.1M3653%13.3 yrs

More streets available in the full Toorak report.

Street Price Trends . See historical price trends for every street in the full Toorak report.
Get Street Data

Confirmed Sales (to March 2026)

AddressSale PriceAVM Valuevs AVMBed/Bath/GarLandDate
Unit 16, 4 Glyndebourne Avenue$930,000$890,000+4%3/2/11498sqm2023-07
Unit 6, 53 Grange Road$375,000$800,000-53%2/1/11509sqm2023-06
61 Fairbairn Road$1,740,000$2,310,000-25%3/2/--149sqm2023-06
Unit 4, 7 Struan Street$433,000$2,510,000-83%2/2/21231sqm2023-06
Unit 16, 3 Struan Street$850,000$790,000+8%2/1/11395sqm2023-06
Unit 5, 411 Toorak Road$626,000$620,000~match2/1/11439sqm2023-06

Blurred valuations are in the full report. More sales in the full Toorak report.

Currently For Sale

AddressGuideAVM ValueBed/BathType
Unit 5, 543A Toorak Road$1,150,000$1.8M2/2Apartment
Unit 6, 7 Verdant Avenue$1,350,000----/2Apartment
9 Merriwee Crescent$3,000,000$6.2M6/4House
1 Tintern Avenue$2,795,000$3.1M3/3Apartment
Unit 202, 392A Toorak Road$599,000$1.7M2/2Apartment

5 properties listed. Blurred valuations are in the full report. See all Toorak listings.

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Rental Market

Rent data across 181 microburbs with rental listings.

$387/wk
Lowest Rent
$1,510/wk
Median Rent
$8,729/wk
Highest Rent

Rent varies from $387/wk to $8,729/wk across different blocks. Gross yield is approximately 2.1%. See rental yield by block in the full report.

What Homes Look Like in Toorak

Based on 98 listing descriptions analysed. Shows how often each feature appears.

Ensuite
76%
Outdoor Entertaining
63%
Natural Light
63%
Good Aspect
49%
Large Kitchen
44%
Views
35%
Pool
34%
Level Access
13%
Direct Garage Access
3%
Renovation Profile

Based on 92 listings: Fully renovated (72%), Partially renovated (18%), Needs renovation (10%).

Feature data from listing descriptions. Individual property features in the full Toorak report.

Market Summary

MetricToorak
Total addresses9,869
Freestanding houses3,383
Units6,455
Median house$3.8M
Median unit$1.3M
Median rent (house)$2K/wk
Microburbs mapped210

Price Range

MetricToorak
Cheapest block median$483K
Most expensive block$20.6M
SUAMelbourne
StateVictoria
Gross yield (approx)2.1%

Toorak vs Neighbours

SuburbSUAMedian HouseAddresses
ToorakMelbourne$3.8M9,869
South YarraMelbourne$2.1M25,86745% less
RichmondMelbourne$1.2M21,55169% less
HawthornMelbourne$2.5M17,08635% less
PrahranMelbourne$1.4M11,91462% less
ArmadaleMelbourne$2.5M7,74133% less
St Kilda EastMelbourne$2.4M7,68037% less

Common Questions About Toorak Real Estate

Is Toorak a good suburb?
Toorak has median house price of $3.8M, gross rental yield of 2.1%, walkable cafe and dining culture, train access. Prices range from $483K to $20.6M depending on which block you buy. The full Toorak report maps every block individually.
Is Toorak expensive?
The median house price in Toorak is $3.8M. More expensive than South Yarra ($2.1M). Entry-level blocks start around $483K.
What is Toorak like to live in?
Based on 98 listing descriptions, Toorak is known for heritage and period homes (43% of listings); a strong cafe and dining scene (95% of listings); green and leafy with good park access; family-oriented with schools nearby. Unit-dominated (6,455 units, 3,383 freestanding houses). See the block-level breakdown in the full report.
What are the best streets in Toorak?
The most active streets by sales volume are Toorak Road (203 sales, median $545K), Grange Road (66 sales, median $505K), and Lansell Road (56 sales, median $860K). Street-level data for all streets in the full report.
Is Toorak a good investment?
Median rent $2K/wk. gross yield 2.1%. The full Toorak report includes: block-level yield mapping, vacancy rates per street, supply pressure scores, days on market by block, rental demand indicators, and AVM valuations for every property. Our backtested suburb forecasting model covers Toorak with 15-year historical validation and forward estimates. See how individual blocks within Toorak compare on yield vs growth.

Explore More About Toorak

Every topic below has its own block-level analysis for Toorak.