Toorak

Toorak is the byword for Melbourne wealth, a leafy inner-eastern suburb of grand period mansions, gated estates and embassies set on some of the city's largest residential blocks. Its riverside fringe along the Yarra and elevated streets command sweeping outlooks, and it consistently records the highest house values in Victoria. Life here is quietly luxurious. Toorak Village along Toorak Road delivers designer fashion, fine dining and gourmet provisions, while elite private schools and proximity to the city, South Yarra and the Royal Botanic Gardens reinforce its appeal. The market is dominated by owner-occupiers and trophy-home buyers, producing very low rental yields but exceptional long-term resilience at the top of the market.

Toorak in Melbourne, Victoria, Australia