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 insights from the City of Stonnington point to Toorak Village’s ongoing strength in business activity and community investment.
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 flats to the most expensive sale in Australia – The Toorak Mansion Coonac.
Here are a couple of properties that have impressively SOLD in Toorak;
Coonac, Toorak – $115m–$135m
59 Kooyong Road, Toorak, Vic 3142 – Sold circa 16.5M in under two weeks.
65 Irving Road, Toorak, Vic 3142 – Sold 6.510M at auction with 2 bidders
12 St Georges Road, Toorak, Vic 3142 – Sold circa 33M
2–4 Macquarie Rd, Toorak – Circa $70m
27 St Georges Rd, Toorak – Circa $29m
According to realestate.com.au, the median house price in Toorak is $4,710,000. Some of the most sought-after streets in Toorak include St Georges Road and Lansell Road.
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.
We recently helped our clients sell their home at 43 Heyington Place, Toorak — read about the result and our key takeaways from the campaign.
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.
The Toorak Village is undergoing a significant makeover with the recent completion of the $250 million St Germain building by Vicland’s Bill McNee.
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.
Melbourne’s luxury real estate market in Toorak sees notable sales and lingering listings, showcasing dynamic property trends.
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 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.
I’m Andrew Date from Industry Insider Property.
Our clients consistently say we’re the best decision they made in their property journey. Read our reviews on LinkedIn and Google to see why.
Industry Insider Property
Level 3, 489 Toorak Road, Toorak 3142
+613 8374 7652
+613 402 346 810
industryinsider.com.au
