Toorak is Australia's most prestigious residential suburb — a magnificent enclave of grand mansions, heritage estates, and luxury apartments where the world's most expensive Australian properties, Melbourne's top private schools (Scotch College, Loreto, Riverview), Toorak Village's boutique Louis Vuitton and Hermès retail, and the extraordinary social fabric of Melbourne's established families create a property market unlike any other in Australia. Toorak properties are held generationally; turnover is minimal and values consistently appreciate. At the current $3.2m median house price, an 80% loan at 6.25% over 30 years is about $15,762 per month.
| Median house price | $3,200,000 |
|---|---|
| Median unit price | $1,100,000 |
| Estimated monthly repayment | $15,762 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 4% |
| Gross rental yield | 2.5% |
| Typical days on market | 28 |
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