TOORAK, VIC 3142 is an affluent suburb with a total population of 12,817. The suburb has a mix of age groups, with a significant number of professionals and managers residing in the area. Residents have a high median household income, with a large percentage working in managerial and professional occupations. The suburb has good commuting options, with a notable number of residents choosing to work from home. ICSEA Percentile for Government Schools is high at 92.0, indicating educational advantage for students. For House investments, Toorak presents opportunities for high-end property development and renovation due to its large sale price interquartile range ratio. The market absorption rate suggests relatively stable demand, and the high room demand-supply ratio indicates a potential for rental room investment. For Unit investments, the suburb offers a healthy rental yield and a growing median price, making it an attractive option for investors seeking capital growth. TOORAK, VIC 3142 is a prestigious suburb known for its upscale properties and high-income residents. It offers a luxurious lifestyle with good educational opportunities and commuting options. Investors interested in House properties can consider renovation projects and luxury developments, while those looking at Units can benefit from the growing median price and rental yields. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022