Stop paying
Toorak’s wrong
manager.
Toorak landlords lose an average of $5,700+ a year without realising it. Not bad luck. Not a bad market. The wrong property manager.
What your current setup could be costing you
Toorak-calibratedSelf-managing isn't the only way to lose money on a rental. An agency that isn't reviewing your rent, marketing a vacancy properly or chasing arrears can cost just as much. This estimates the gap between your property's current performance and what Toorak's market conditions actually support.
Illustrative estimate from the figures you enter above, not a guarantee. Assumes 52 weeks/year.
Toorak market benchmarks
Cited, dated data| Measure | Toorak | Source |
|---|---|---|
| Median rent, unit | $625/wk | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Median rent, house | $1400/wk | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Median sale price, unit | $871,750 | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Median sale price, house | $4.10m | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Gross rental yield, unit | 3.7% | AgentSelector calculation(rent × 52) ÷ price, from the rows above |
Suburb outlook
Market snapshotWe haven't published a full Landlord Index score for Toorak yet. A reliable score needs a suburb-level vacancy rate, and Toorak's isn't available through a free public source right now (SQM Research's suburb-level chart requires a paid data view) — so rather than estimate one, here's what the public rent and price data does tell us.
| Measure | Figure | Source |
|---|---|---|
| Median rent, unit | $625/wk | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Median rent, house | $1400/wk | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Median price, unit | $871,750 | REIV Suburb Data, current quarter (accessed Aug 2026) |
| Gross rental yield, unit | 3.7% | AgentSelector calc.(rent × 52) ÷ price |
This suburb gets a full Landlord Index score (like Richmond and Sandringham) once a public vacancy-rate figure is confirmed for it, or once HTAG Analytics access is live — whichever comes first.
What's happening in the Toorak market
Updated quarterlyToorak vs. nearby suburbs
Comparison framing| Suburb | Median rent (unit) | Median price (unit) |
|---|---|---|
| Toorak | $625/wk | — |
| South Yarra | $720/wk | — |
| Armadale | $650/wk | — |
| Malvern | $625/wk | — |
Frequently asked
FAQPage schema on publishWhat's the average property management fee in Toorak?
Property management fees in Melbourne suburbs like Toorak typically sit in a defined range of the weekly rent, plus a separate letting fee charged when a new tenant is placed. Exact fees vary by agency and by the level of service included.
What's the current vacancy rate in Toorak?
A suburb-level vacancy rate for Toorak isn't currently published through a free public source. We'll add it as soon as one becomes available, or once our HTAG Analytics integration is confirmed.
What's the median rent for a unit in Toorak?
$625 per week, according to REIV Suburb Data, current quarter (accessed Aug 2026). Source: REIV Suburb Data
Methodology & sources
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A suburb-level vacancy rate for Toorak isn't available from a free public source right now. Median unit rent currently sits at $625/wk, with houses at $1400/wk (REIV Suburb Data, current quarter (accessed Aug 2026)), against a median unit sale price of $871,750, putting the gross rental yield at 3.7%.
Without a confirmed vacancy figure, the safest read is the yield: a rental returning close to or above the Melbourne unit benchmark suggests healthy underlying demand, but getting the basics wrong (slow listing, above-market asking rent) still costs more the tighter the true market is. Toorak's housing stock mixes large freestanding houses with lower-density apartment/townhouse blocks; there's no train station within the suburb, with South Yarra and Armadale the nearest, making it a premium, low-turnover rental market.