Toorak
The median rent for a 2-bedroom unit in Toorak is $650 a week for leases that started in the year to September 2025, up 8.3% on a year earlier. That is 18% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $4,075,000 for a house and $962,500 for a unit. A year of rent for that home is about 2.6% of its median sale price (gross rental yield).
Median rent in Toorak
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $445 | +1.1% | 157 |
| 2-bedroom unit | $650 | +8.3% | 253 |
| 3-bedroom unit | $1,000 | +8.7% | 90 |
| 2-bedroom house | $695* | -3.5% | 16 |
| 3-bedroom house | $1,250 | -1.0% | 46 |
| 4-bedroom house | $1,875 | +2.7% | 31 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $4,075,000 | Mar 2026 quarter |
| Unit | $962,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Armadale $650 a week
- Beaumaris $650 a week
- Hampton $650 a week
- Prahran $650 a week
- Windsor $650 a week
- Albert Park $643 a week