What buyers should know about Toorak's latest median house price

Australia's biggest property markets are experiencing a recovery surge, but some areas such as Toorak has already bolted, according to the latest property data.

As a buyer, it's vital to keep up to date with the latest going's on in Toorak. 

The suburb's latest median house price sits at $3 million, about $2 million less compared to its peak price within the last 10 years. 

The latest median unit price sits at $845,000 (pictured below). 

To learn all you need to know about Toorak, from median asking rents to average hold period, click here. 

It is important for buyers to check the median price regularly to ensure you are not missing the best opportunity of buying a new home.

According to Microburbs, Toorak is an 8/10, with 9/10 in its convenience score and family score.