Toorak remained Melbourne's priciest suburb: REIV

Toorak remained Melbourne's priciest suburb: REIV
Toorak remained Melbourne's priciest suburb: REIV

Toorak remained Melbourne's priciest suburb, despite a 16 percent drop in its median price over the December quarter to $2.8 million, according to the REIV.

Armadale, at $2.28 million, sat in second place although the suburb had less than 30 sales over the year.

A property with a price representative of this median is 40A Lansell Road (pictured above).

'The Dolls House' is a four bedroom one bathroom is nestled amid Toorak’s mansions opposite prestigious Towers Road.

Sold as a deceased estate for $2,890,000 in early October the property is set on 340 sqm.

Toorak remained Melbourne's priciest suburb: REIV

Another example of this price point in Toorak is 2 Mandeville Crescent.

This three bedroom two bathroom house sold for $2,625,000.

The property last sold in June 1999 for $850,000.

Toorak remained Melbourne's priciest suburb: REIV

Representative of this median price in current listings is 25 Glen Road, Toorak (pictured above)

Set across three floors the three bedroom two bathroom townhouse is just a short walk from elite schools, Glenferrie and Toorak Road trams, Kooyong Village cafes and trains, and Kooyong Lawn Tennis Club. 

With a price guide of $2,500,000 - $2,750,000 the property is a short walk to St. Catherine’s, St. Kevin’s and Scotch Colleges.

Suburb Dec-18 Median
TOORAK $2,800,000
ARMADALE* $2,280,000
HAWTHORN $2,217,500
BLACK ROCK* $2,200,000
ALBERT PARK* $2,146,000
MALVERN* $2,122,500
ELWOOD* $2,075,000
BALWYN $2,057,500
CANTERBURY* $2,035,000
CARLTON* $2,020,000
BRIGHTON $1,990,000
KEW $1,975,000
HAMPTON $1,900,000
CAMBERWELL $1,880,000
MIDDLE PARK* $1,865,000
SURREY HILLS $1,850,000
PORTSEA* $1,803,525
BRIGHTON EAST* $1,780,000
Malvern East $1,760,000
ST KILDA* $1,742,500
Hawthorn East* $1,730,000
EAGLEMONT* $1,725,750
Alphington* $1,725,000
Elsternwick* $1,725,000
FITZROY* $1,720,000
Ivanhoe East* $1,719,500
Caulfield North* $1,710,000
Glen Iris $1,705,000
SANDRINGHAM* $1,671,000
Mont Albert* $1,600,000
South Yarra* $1,600,000
BEAUMARIS* $1,592,500
ASHBURTON* $1,590,375
PRAHRAN* $1,564,000
PORT MELBOURNE* $1,540,000
South Melbourne* $1,537,500
Balwyn North $1,505,000
ESSENDON* $1,500,000
ABERFELDIE* $1,485,000
CAULFIELD* $1,465,000
Fitzroy North* $1,460,000
Kew East* $1,455,000
CAULFIELD SOUTH* $1,425,000
ORMOND* $1,420,000
IVANHOE* $1,400,000
WINDSOR* $1,400,000
BLAIRGOWRIE* $1,385,000
Templestowe $1,379,000
Carlton North* $1,360,000
COLLINGWOOD* $1,340,000
BRUNSWICK WEST* $1,338,750
DONVALE $1,317,500
NORTH MELBOURNE* $1,307,500
HAMPTON EAST* $1,300,000
MOONEE PONDS* $1,300,000
THORNBURY $1,297,500
RICHMOND $1,295,000
Bentleigh* $1,292,000
FAIRFIELD* $1,290,000
NORTHCOTE $1,287,500
McKinnon* $1,268,500
CLIFTON HILL* $1,262,500
ASCOT VALE* $1,245,000
BLACKBURN* $1,245,000
HIGHETT* $1,243,000
STRATHMORE* $1,242,500
WARRANDYTE* $1,225,000
BURWOOD $1,215,000
MOUNT WAVERLEY $1,215,000
YARRAVILLE* $1,207,500
Mont Albert NORTH* $1,203,500
SORRENTO* $1,200,000
St Kilda East* $1,186,250
ABBOTSFORD* $1,185,000
CARNEGIE* $1,182,000
WILLIAMSTOWN $1,180,000
GLEN WAVERLEY $1,179,000
MURRUMBEENA* $1,170,000
DONCASTER $1,160,000
MARIBYRNONG* $1,147,500
Brunswick East* $1,140,000
Mount Eliza $1,140,000
Aspendale* $1,135,000
NEWPORT* $1,132,500
Oakleigh East* $1,125,000
Edithvale* $1,120,000
VERMONT SOUTH* $1,110,000
BULLEEN* $1,105,000
MOUNT MARTHA $1,102,500
NIDDRIE* $1,080,000
NUNAWADING* $1,078,000
HEIDELBERG* $1,057,500
Doncaster East $1,055,000
ASHWOOD* $1,053,750
WHEELERS HILL $1,050,500
KENSINGTON* $1,050,000
Parkdale* $1,050,000
BOX HILL NORTH* $1,043,000
Templestowe LOWER* $1,041,750
Bentleigh EAST $1,040,000
Mentone* $1,035,000
RESEARCH* $1,032,500
CLAYTON* $1,025,000
Hughesdale* $1,025,000
BRUNSWICK $1,024,500
LOWER PLENTY* $1,020,000
CHELTENHAM* $1,015,000
BALACLAVA* $1,005,000
BLACKBURN NORTH* $1,005,000
CARRUM* $1,002,500
ALTONA* $1,000,000
SEDDON* $1,000,000

* less than 30 sales in the December quarter

Tags: 
Toorak Price Growth

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