$490 ▲ +28.9%
Higher than 87% of statistical area 2 (sa2) areas.
- 2011: $380
- 2016: $431
- 2021: $490
Median weekly rent paid by households renting their home.
Toorak · Statistical Area 2 (SA2)
Housing & Dwellings in Toorak
Where and how people live — the homes, how they are held, and what they cost.
Typical monthly mortgage payments in Toorak are far above the national figure, reflecting a very expensive housing market. The area is a mix of high-cost rentals and a large proportion of people who own their homes outright. Nearly half of all dwellings are flats or apartments, making it very different from the typical Victorian suburb.
$490
▲ +28.9%
- $100–$121: 37 areas
- $121–$143: 11 areas
- $143–$164: 27 areas
- $164–$186: 32 areas
- $186–$207: 63 areas
- $207–$229: 57 areas
- $229–$250: 59 areas
- $250–$271: 158 areas
- $271–$293: 106 areas
- $293–$314: 178 areas
- $314–$336: 149 areas
- $336–$357: 207 areas
- $357–$379: 179 areas
- $379–$400: 182 areas
- $400–$421: 312 areas
- $421–$443: 103 areas
- $443–$464: 158 areas
- $464–$486: 69 areas
- $486–$507: 85 areas
- $507–$529: 38 areas
- $529–$550: 32 areas
- $550–$571: 45 areas
- $571–$593: 19 areas
- $593–$614: 34 areas
- $614–$636: 8 areas
- $636–$657: 11 areas
- $657–$679: 5 areas
- $679–$700: 28 areas
All statistical area 2 (sa2) areas, 2021. The marker is Toorak — higher than 87% of areas.
Housing costs
Rents, mortgages and crowding.
Typical monthly home loans are among the highest at this level, reaching $3,146, which is far above the Victorian figure. Renters also pay well above the national average, with the usual weekly rent rising by $110 since 2011 to reach $490.
$3,146 ▲ +16.5%
Higher than 98% of statistical area 2 (sa2) areas.
- 2011: $2,700
- 2016: $2,500
- 2021: $3,146
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Toorak, the largest group is $350–$549 at 40%, followed by $750 or more (21%) and $550–$749 (19%).
Monthly mortgage distribution
View on map →In Toorak, $3,000 or more is the majority at 54%; $1,800–$2,999 is next at 19%.
Owning & renting
How homes are owned or rented.
Home ownership is strong here, with 42.7% of people owning their place outright, a figure far above both the state and national averages. Meanwhile, the proportion of households renting has fallen to 30.9% since 2011.
30.9% ▼ -11.5%
Higher than 61% of statistical area 2 (sa2) areas.
- 2011: 34.9%
- 2016: 34.1%
- 2021: 30.9%
Share of occupied private dwellings that are rented.
42.7% ▲ +2.8%
Higher than 82% of statistical area 2 (sa2) areas.
- 2011: 41.6%
- 2016: 40.3%
- 2021: 42.7%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Toorak, the largest group is Owned outright at 43%, followed by Rented (31%) and Owned with a mortgage (23%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are far less common here than in most of Australia, making up only 30.3% of homes. Instead, nearly half of the dwellings are flats or apartments, and the number of homes with three or more bedrooms is far below the state average.
0.80 ▼ -27.3%
Lower than 71% of statistical area 2 (sa2) areas.
- 2011: 1.10
- 2016: 0.90
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
30.3% ▼ -12.7%
Lower than 92% of statistical area 2 (sa2) areas.
- 2011: 34.7%
- 2016: 30.2%
- 2021: 30.3%
Share of occupied private dwellings that are separate houses.
52.0% ▲ +6.9%
Lower than 88% of statistical area 2 (sa2) areas.
- 2011: 48.7%
- 2016: 48.8%
- 2021: 52.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Toorak, the largest group is Flat or apartment at 50%, followed by Separate house (30%) and Townhouse / semi-detached (20%).
Bedrooms per home
View on map →In Toorak, the largest group is 2 bedrooms at 37%, followed by 3 bedrooms (30%) and 4 bedrooms (15%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Toorak
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Toorak [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206061138/toorak/topic/housing-dwellings