Melbourne’s Beverly Hills, the suburb of Toorak has a long reputation of being Melbourne’s most aspirational suburb. Considered the most prestigious in Australia, many are drawn to this location for its luxurious lifestyle, grand mansions and deluxe apartments.
Notably more expensive, Toorak’s open streets, proximity to parks, private schools and magnificent homes make it an irresistible and well-established suburb.
Located approximately 5km South-East of Melbourne’s CBD, Toorak sits on the south side of the Yarra River, bordered by suburbs of South Yarra, Malvern, Armadale and Prahran.
The lushness of the arching trees in the picturesque streets of Toorak, protect the palatial mansions, luxury apartments, refined shopping strips, glamorous cafes, boutique stores, the social elite and the splendiferous estates.
Toorak’s beauty is presented through its leafy green streets and the charming Village. The predominant housing in Toorak is apartments and walk up flats, making up 48%, whilst the stand-alone home occupies 35%.
Traditional mansions owned by Melbourne’s most wealthy, are located on St George’s Road, Lansell Road, Hopetoun Road, Albany Road and Clendon Road.
Next door, you will find many long-term couples and families who are well established, many of whom have lived in Toorak for generations. Many young professionals are buying or renting in Toorak, as it provides prime access to both the CBD and South Yarra,
The abundance of up-market speciality food, fashion, homeware stores and boutiques is prevalent in Toorak Village; a strip of shops and cafes located in the centre of Toorak.
Toorak village, an old and quaint shopping area, is all about style and luxury, with boutiques and high-end designer clothing stores, delis and stunning cafes. Chapel Street, a Melbourne icon, is only a short tram-ride away, home to cinemas, bars, cafes, restaurants and of course shopping!
Home to many of Melbourne's most revered churches, Toorak's history is often right at your doorstep.
The Number Game
Toorak is regarded as one of Melbourne's, and Australia's, most aspirational suburbs, resulting in also becoming the most expensive.
This charming and debonair suburb is, without a doubt, in high demand. An average 2 bedroom apartment sits at around $845,000 to buy, while apartments of a similar yield will cost approximately $475 p/w to rent.