Toorak

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Located 5km south-east of Melbourne’s CBD with a population of 13,127. (2006 Census). Toorak is home to some of Melbourne’s most prestigious residents and comes with a hefty price tag.

Unlike the surrounding suburbs which fall within 5km of the city, the land subdivisions in Toorak are large and adorned with McMansion style properties.  The more prestigious houses are securely gated  from the street and wondering eyes and this is the general atmosphere Toorak emanates.  Don’t expect to be sharing a conversation with your neighbour over the garden fence!.

The streets which achieve the highest priced properties  are St. George’s Road, Lansell Road, Hopetoun Road, Albany Road and Clendon Road. Toorak’s reputation travels across Australia and notable residents include celebrities such as Eddie McGuire (President of Collingwood football club) Sidney Myer (founder of the Myer brand), and Ted Baillieu (State premier of Victoria).

As the population squeeze has taken hold, flats and apartments now make up much of Toorak’s housing, however residents still pay a high price in comparison to neighbouring suburbs.

A large proportion of residents in Toorak are employed in the business, finance, and property sectors, and the suburb has the largest majority of children in private education.  Due to the nature of employment, this suburb will generally take a greater hit when the financial sector is shaken (such as during the GFC where many in the banking and financial industries found themselves without jobs, and as a consequence an oversupply of property came onto the market).  But long term the prices appreciate along with the top third of Melbourne’s suburbs,

Toorak Village is the exclusive commercial shopping district, and in suiting with the demographic, the shops reflect the affluent lifestyle of the residents.  Small boutique clothes shops, expensive restaurants, posh cafes, and an attractive village atmosphere with Tudor styled property façades. Kooyong Lawn Tennis Club – once home to the Australian Open Tennis Championships – is also located in Toorak. Due to the nature of the road system in Toorak, roads are quiet, tree lined,  and well protected from cut through traffic.


Amenities:

Schools

  • St Catherine’s School,
  • Loreto Mandeville Hall
  • St Kevin’s College,
  • Geelong Grammar School – junior campus.
  • Toorak Central School

Transport

Most residents in Toorak use their cars as the primary means of transport. Many relying on the city link at the eastern end of the suburb for access into the city.

Hayington Train Station the only station located in Toorak (un-manned, and doesn’t cater for wheelchair users.

Tram route 8 and 72 also run through Toorak.

Shopping,

Toorak Village is the major shopping hub and features boutique retail outlets, fancy restaurants and cafes, as well as a few convenience stores.


House Styles:

35% of Toorak’s housing stock are detached dwellings, however there is a larger majority of apartments (some period in style, many built in the 70’s and 80’s, and also contemporary designs). All properties in Toorak lean towards the grand side of things. However un-renovated homes regularly come onto the market offering slightly more affordable options for buyers willing to renovate. There is a small amount of terrace housing – Victorian in style – small townhouses are not a common feature in Toorak however there is a proportion of contemporary designs. The newer properties are McMansion style homes often with tennis courts and feature high speck interiors. Some period stock can also be found, usually grand examples of 1920’s, 30’s Edwardian brick homes. Some of the older mansions have been converted into apartments. A few 19 century properties still exist – amougst them is the famous Illawarra House (now owned by the national trust) and one of the most expensive houses in Melbourne – Coonac.


Recent Sales:

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