Toorak Property Market
& Suburb Profile

Toorak remains the pinnacle of Melbourne’s "blue-chip" real estate, with lush canopy-lined boulevards like St Georges Road and Lansell Road, and an unparalleled concentration of wealth and influence.

The lifestyle in Toorak is anchored by Toorak Village, a mock-Tudor shopping precinct on Toorak Road that remains a destination for high-end retail, fine dining, and professional services. As of 2025, the Village continues to thrive as a daytime economic powerhouse, supported by over 300 businesses and the annual Toorak Village Sculpture Exhibition. For more intimate social gatherings, residents frequent the Beatty Avenue precinct near Toorak Station, known for its refined wine bars and European-style cafes. Recreation is centered on the expansive Como Park, which offers significant green space for community sports and dog walking, and the historic Como House and Garden, which provides a rare window into the aristocratic lifestyle of 1850s Melbourne.

Infrastructure and connectivity are world-class, ensuring the suburb remains seamlessly integrated with the city while maintaining its quiet, residential sanctuary. Toorak is served by the Toorak and Heyington railway stations, as well as the high-frequency route 58 tram, which links the Village directly to the CBD. A major development in late 2025 is the full integration of the Metro Tunnel, which has significantly boosted the capacity of the nearby Cranbourne and Pakenham lines, benefitting the broader southeastern corridor. Additionally, the Toorak Park and Victory Square master plan has recently reached completion, delivering modernized sporting pavilions and upgraded parkland facilities for local cricket and football clubs.

Education is a fundamental driver of the suburb's prestige, with Toorak hosting several of Australia’s highest-achieving schools. In the 2025 academic results, local institutions such as St Catherine’s School, Loreto Mandeville Hall, and St Kevin’s College once again ranked among the top schools in Victoria for VCE performance and ATAR highlights. The suburb is also home to Toorak Primary School, a high-performing government institution that serves as a central social pillar for the community. This concentration of elite educational pathways, combined with proximity to the university precincts in the CBD and Clayton, makes Toorak a perennial choice for families focused on long-term academic excellence.

From a property perspective, Toorak remains Melbourne’s most expensive and resilient market. The housing stock is a stable mix of grand detached estates and luxury medium-to-high-density units, with a high rate of owner-occupation. Despite broader market fluctuations, Toorak’s property values are underpinned by extreme scarcity and the suburb’s status as a global wealth enclave. With its combination of historical grandeur, elite schooling, and unparalleled security, Toorak continues to set the benchmark for luxury living in Victoria.