Toorak Property Growth

Toorak is served by its own railway station on the Frankston line, with neighbouring Hawksburn station also nearby, and by tram — route 8 runs along Toorak Road through Toorak Village, with routes 58 and 72 also serving the surrounding area. Major Roads: Toorak Road, Orrong Road, Malvern Road. Train Lines: Frankston line. Tram Lines: Routes 8, 58, 72. Toorak is approximately 5 km from the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.

Toorak has a strong concentration of both government and prestigious independent schools. Primary Schools: Toorak Primary School (government); Geelong Grammar School's Toorak Campus (independent, Early Learning Centre to Year 6, with Year 7 returning from 2027 and Year 8 from 2028); St Kevin's College Junior School (Glendalough campus, Lansell Road, Prep to Year 6). Secondary Schools: Loreto Mandeville Hall Toorak, an independent Catholic girls' school spanning Prep to Year 12. Always verify availability and waitlists directly with providers.

Toorak Village, spanning both sides of Toorak Road, is home to more than 270 shops and businesses, including fashion boutiques, cafes and fine dining, set within a heritage streetscape that includes Tudor Revival-style buildings from the 1920s and 1930s. Como House and Garden, an 1847 heritage property managed by the National Trust, offers formal gardens open to the public. The suburb's tree-lined residential streets are themselves a notable heritage and lifestyle feature.

Toorak does not have a major employment precinct of its own; it is predominantly a premium residential suburb, with its local economy centred on the Toorak Village retail and hospitality strip. Broader employment access is available via the nearby South Yarra and Chapel Street commercial precinct and the Melbourne CBD.

The Victorian Government published a Train and Tram Zone Activity Centre plan for Toorak in July 2026, guiding future development around Toorak Station and Toorak Village as part of the statewide Activity Centres Program, with a focus on shop-top housing near Beatty Avenue and a more contemporary mid-rise apartment character in areas west of Toorak Station and Orrong Road. The City of Stonnington is separately delivering a Place-Led Economic Development Strategy for Toorak Village covering 2023–2027. No further projects beyond those noted above are currently confirmed for Toorak. Check Infrastructure Australia's project pipeline, State Government announcements or the City of Stonnington's website for the latest updates.

• Prestige positioning — Toorak's long-standing status as one of Melbourne's most exclusive addresses supports sustained demand from high-net-worth buyers.
• Strong school access — A concentration of leading independent and government schools within the suburb is a consistent draw for families.
• Toorak Village lifestyle precinct — A well-established, heritage-protected retail and dining strip underpins local amenity.
• Direct rail and tram access — Toorak's own train station and multiple tram routes provide convenient access to the CBD and South Yarra.

• High price point and thin transaction volume — Toorak's very high median prices mean fewer transactions occur relative to more affordable suburbs, which can increase price volatility and make median figures more sensitive to individual high-value sales.
• Activity centre planning changes — The 2026 Train and Tram Zone Activity Centre plan may bring increased density and streetscape change around Toorak Station and Toorak Village over time.
• Luxury market sensitivity — Premium property markets can be more sensitive to shifts in broader economic sentiment and wealth conditions than the market overall.
• Interest rate and lending sensitivity — Like all property markets, Toorak's values and buyer activity are sensitive to changes in interest rates and lending conditions, particularly at the top end of the market.

• ABS
  Census QuickStats— https://www.abs.gov.au/census
• Local Council
  City of Stonnington— https://www.stonnington.vic.gov.au/
• Department of Transport Victoria
  Department of Transport and Planning Victoria— https://www.transport.vic.gov.au/
• Victorian Planning Authority
  Victorian Planning Authority— https://vpa.vic.gov.au/
• Infrastructure Australia
  Project Pipeline— https://www.infrastructureaustralia.gov.au/