How Much Is My Property Worth in Toorak?
The median house price in Toorak is $5,698,500, based on 85 house sales recorded in the 2026 financial year. A suburb median does not value an individual home. This guide explains what the numbers show and what actually sets value in Toorak.
Median house price, from 85 recorded sales in the 12 months to FY2026
Change in the house median on the previous 12 months
House median against the 2023 peak of $7,120,000
Median apartment price, up 2.5% on the previous 12 months
What Is My Property Worth in Toorak Right Now?
The question is not what similar properties have sold for. It is what informed buyers will compete to pay for yours, now.
There is no single formula for the value of a Toorak property. Two homes in the same street can attract very different levels of buyer interest depending on their land, architecture, condition, orientation, privacy and position.
A meaningful appraisal combines recent sales evidence with an understanding of the buyers currently active in the market, the listings you would compete with and how your individual property is likely to be received.
The figures below set the context. They are the starting point for valuing a Toorak home, not the answer.
$1.4 million to $16.9 million.
Fifteen recent Toorak house sales on one line. A spread this wide is why a suburb median cannot value your home.
Each dot is one recorded house sale. Source: Pricefinder (Property Data Solutions Pty Ltd 2026), compiled 28 September 2026 by Clements International. © The State of Victoria owns the copyright in the property sales data. The State of Victoria does not warrant the accuracy or completeness of the licensed material and accepts no responsibility or liability for any errors, faults, defects or omissions in the information supplied.
Toorak Median House Price, 2016 to 2026
Over ten years the Toorak house median has risen from $4,875,500 to $5,698,500. It peaked at $7,120,000 in 2023 and has eased since, with the past 12 months down 3.4%.
Median house price by year
View the data
| Year | House sales | Median price |
|---|---|---|
| 2016 | 172 | $4,875,500 |
| 2017 | 158 | $5,210,000 |
| 2018 | 151 | $4,590,000 |
| 2019 | 121 | $4,450,000 |
| 2020 | 108 | $5,500,000 |
| 2021 | 172 | $6,320,000 |
| 2022 | 125 | $6,210,000 |
| 2023 | 131 | $7,120,000 |
| 2024 | 134 | $6,100,000 |
| 2025 | 110 | $6,105,000 |
| 12 months to FY2026 | 85 | $5,698,500 |
Source: Pricefinder (Property Data Solutions Pty Ltd 2026), compiled 28 September 2026 by Clements International. © The State of Victoria owns the copyright in the property sales data. The State of Victoria does not warrant the accuracy or completeness of the licensed material and accepts no responsibility or liability for any errors, faults, defects or omissions in the information supplied. Calendar-year figures and the rolling 12-month figure may differ.
Have Toorak Property Prices Fallen?
From the peak, yes. The Toorak house median reached $7,120,000 in 2023 and now sits at $5,698,500, about 20% lower. Over the past 12 months, however, the fall has been 3.4%. The market has been adjusting for two years rather than falling suddenly.
Some published reports show a fall of more than 30%. Those figures compare a single quarter with a peak, and a quarter in Toorak can rest on a few dozen sales. With only 85 house sales a year, the median moves heavily with the mix of what sells.
What It Means If You Own in Toorak
In a softer market, the gap between well-positioned and compromised property widens. Buyers have more choice and take more time, so they pay strongly for what is genuinely scarce and discount what is not.
For owners, property-specific evidence matters more, not less. The right comparable sales, an honest read of current buyer depth and a clear view of competing listings separate a realistic figure from a headline number.
What Sets Property Value in Toorak
Toorak house sales in 2026 have ranged from $1.4 million for a small house on 146 m² to more than $16.9 million, and have taken anywhere from three weeks to more than nine months to sell. Across a range that wide, these are the factors that decide where a home sits.
Street and Pocket
Toorak values move street by street. A home in a quiet, tree-lined pocket and a similar home on a main road can differ by millions of dollars.
Land and Planning
Land size, frontage, orientation and shape, along with the heritage and planning controls that shape what a buyer can build or change.
Village and Transport
Walking distance to Toorak Village or Hawksburn Village, Toorak station and tram routes carries a premium, particularly with downsizers.
Schools
Proximity to St Catherine’s School, St Kevin’s College and Loreto Mandeville Hall broadens the family buyer pool for larger homes.
Architecture and Condition
Architectural quality, floorplan, renovation standard, privacy and presentation decide how buyers rank your home against the alternatives.
Scarcity
A property offering something difficult to replicate attracts stronger competition, because buyers have fewer genuine alternatives.
Are Online Estimates Accurate in Toorak?
Online estimates rely on historical sales and automated modelling. In a suburb with around 85 house sales a year and prices spread across a very wide range, the models have little genuinely comparable evidence to work with.
They also cannot see what buyers see in person: light, outlook, privacy, floorplan, renovation quality and the street itself. In Toorak, those qualities often account for the largest part of the price.
Appraisal Versus Formal Valuation
A property appraisal is an estate agent’s assessment of likely selling value, based on comparable sales, current buyer demand and competing listings.
A formal valuation for lending, legal, family law or estate purposes is prepared by a qualified valuer. If you are selling, planning ahead or deciding whether to downsize, an appraisal is the right starting point.
A Director-Led Toorak Appraisal
Your appraisal is prepared by a Director of Clements International, licensed in Victoria since 1995. The person who assesses your property is the person accountable for the advice.
We select comparable sales on the factors that actually drive Toorak value, not on postcode alone, and set them against current buyer demand and the listings you would be competing with.
What We Consider
- Recent comparable Toorak sales, street by street
- Current buyer demand and enquiry levels
- Competing properties currently for sale
- Land size, orientation, frontage and planning controls
- Architecture, condition and presentation
- Privacy, outlook and walkability to the villages
- Scarcity and likely buyer response
Find Out What Your Property Is Worth Today
Director-led appraisals in Toorak and across Stonnington, including South Yarra, Armadale, Malvern, Prahran and Kooyong.
Thinking About Selling in Toorak?
Knowing your property’s likely value is only the beginning. Timing, preparation, method of sale, pricing strategy, buyer engagement and negotiation all influence the eventual result.
If you are considering selling, read our Selling Property in Toorak guide or speak with Clements International about the strategy best suited to your property.
Frequently Asked Questions
What Is My House Worth in Toorak?
Your house’s likely selling value depends on recent comparable sales, current buyer demand, competing properties and the individual characteristics of your home. The Toorak median house price is $5,698,500, but sales in 2026 have ranged from $1.4 million to more than $16.9 million. A local property appraisal considers these factors together rather than relying on a suburb median or automated estimate alone.
What Is the Median House Price in Toorak?
The Toorak median house price is $5,698,500, based on 85 recorded house sales over the 12 months to the end of the 2026 financial year. That is 3.4% below the previous 12 months. The median apartment price is $970,000.
Have Toorak House Prices Fallen?
The Toorak house median peaked at $7,120,000 in 2023 and is now $5,698,500, about 20% lower. Over the past 12 months the fall has been 3.4%. Because only around 85 houses sell in Toorak each year, the median is heavily affected by which homes sell, so individual property values have not all moved by the same amount.
Why Do Toorak Median Prices Differ Between Sources?
Each provider uses a different time period, a different set of recorded sales and a different method. A single quarter in Toorak can rest on a few dozen sales, so quarterly medians swing far more than 12-month figures. With sales spread from under $1.5 million to over $100 million, those differences can produce medians millions of dollars apart.
How Much Is an Apartment Worth in Toorak?
The Toorak median apartment price is $970,000, up 2.5% on the previous 12 months. Individual values depend on the building, size, outlook, parking, lift access and owners corporation, and larger apartments in quality buildings sell well above the median.
Are Online Property Estimates Accurate in Toorak?
Online estimates are a starting point only. Toorak has few sales each year and a very wide price range, so automated models have limited comparable evidence and cannot assess street position, architecture, condition or presentation.
What Does a House Appraisal in Toorak Include?
A house appraisal considers recent comparable sales, current buyer demand, competing properties, land, position, condition, accommodation and other property-specific factors to provide an informed assessment of likely selling value in the current Toorak market.
What Is the Difference Between a Property Appraisal and a Valuation?
An appraisal is an estate agent’s assessment of likely selling value based on market evidence and current conditions. A formal valuation for lending, legal or other formal purposes is prepared by a qualified valuer.
Should I Get an Appraisal if I Am Not Ready to Sell?
Yes. In a market that has moved as much as Toorak’s, an appraisal shows where your property sits now and helps you plan timing, particularly if you are considering downsizing in the next year or two.
Related Toorak Property Advice
What Could Your Toorak Property Sell For?
Clear, Director-led advice based on current evidence, buyer demand and the individual qualities of your property.