Toorak Gardens
A $2,910,000 median house price in a suburb of just 2,604 residents signals how concentrated wealth is in Toorak Gardens. Household income sits at the 87.7th percentile nationally, and 63.4% of residents hold university qualifications, which is 33.3 percentage points above the national figure. The suburb scores decile 10 on the IEO index and decile 9 on IRSAD, placing it firmly among Adelaide's most advantaged addresses. Median age of 47 is 7.0 years above the national figure, reflecting a resident base of established professionals and retirees.
Population
2,604
Median Age
47.0
Household IncomeiMedian weekly household income (ABS Census)
$2,286/wk
DAs (12 months)iDevelopment Applications lodged in the past year
17
Median House
$2.9M
Median 1Q 2026
At $2,910,000, the median house price rose 38.6% from $2,100,000 in Q1 2025, marking Toorak Gardens as one of Adelaide's sharpest-moving luxury markets. Separate houses are 65.1% of dwellings and semi-detached homes 30.2%, with apartments at just 4.7%, so buyers compete for traditional houses and townhouses. Four-plus bedroom homes dominate at 37.2% and three-bedroom at 31.7%. Monthly mortgage repayments average $2,575, a mortgage-to-income ratio of 26%, below the 30% stress threshold despite house prices well above state norms. Outright owners account for 47.5% of households, nearly double the 25.9% carrying mortgages, indicating long-held, debt-free wealth.
For Buyers
At $2,910,000, the median house price rose 38.6% from $2,100,000 in Q1 2025, marking Toorak Gardens as one of Adelaide's sharpest-moving luxury markets. Separate houses are 65.1% of dwellings and semi-detached homes 30.2%, with apartments at just 4.7%, so buyers compete for traditional houses and townhouses. Four-plus bedroom homes dominate at 37.2% and three-bedroom at 31.7%. Monthly mortgage repayments average $2,575, a mortgage-to-income ratio of 26%, below the 30% stress threshold despite house prices well above state norms. Outright owners account for 47.5% of households, nearly double the 25.9% carrying mortgages, indicating long-held, debt-free wealth.
For Investors
With 26.6% of households renting and weekly rent at $320, the gross yield against the $2,910,000 median is near 0.6%, low even by premium-suburb standards. The 7.4% vacancy rate warrants caution, though the high-income tenant base limits default risk. Development activity was just 15 applications in the past 12 months, confirming minimal new supply. Net overseas migration drives demand at 336 arrivals per year into the SA2, while internal migration shows a net outflow of 112. Rent rose 21.1% over the measured period, suggesting the investment case rests on capital growth and rent escalation rather than initial yield.
Development Activity
Total DAs
112
Last 12 Months
17
YoY ChangeiYear-over-year change in DA lodgements
-19.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Demographics
The median age of 47 is 7.0 years above national, and the senior share has risen 3.7 points over the decade while working-age share fell 3.1 points. University qualifications at 63.4% sit 33.3 percentage points above the national figure. Overseas-born residents are 27.1%, which is 5.5 points above national. Ancestry leads with English (965), Irish (272) and Scottish (237), with Italian (226) also prominent. Mandarin is the top non-English language at 53 speakers. Volunteers account for 23.2% of residents, above typical metro levels, consistent with the older, established profile.
Age Distribution
Bedrooms
Dwelling Structure
65.1%
Houses
30.2%
Townhouse
4.7%
Apartment
Tenure
Tenure splits show 47.5% owning outright, 25.9% on a mortgage and 26.6% renting, with outright ownership nearly double the mortgage share. Prices moved from $2,100,000 in Q1 2025 to $2,910,000 in Q1 2026, a 38.6% rise. Four-plus bedroom dwellings account for 37.2% of stock and three-bedroom 31.7%, consistent with the large family footprints typical at this price level. Separate houses are 65.1% and semi-detached 30.2%, leaving apartments at just 4.7%. Mortgage-to-income at 26% stays below the stress threshold, supported by the suburb's 87.7th-percentile household income base.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,575
Rent / wk
$320
HH Size
2.5
Personal Income / wk
$1,068
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
7.4%
Unoccupied
81
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
14.0%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
26.0%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
29.3%
Couples, no children
2,119
Total families
Economy & Employment
Healthcare is the dominant industry at 26.2% of employed residents (274 workers), followed by Professional and Technical services at 15.1% (158) and Education at 10.6% (111). By occupation, Professionals lead at 548 workers and Managers second at 231, consistent with decile 10 on the IEO index. Full-time employment runs at 56.3% and unemployment at 4.6%. The lower participation rate of 58.9% partly reflects 812 residents not in the labour force, driven by the older median age of 47. Family weekly income of $3,239 is well above state medians, and SEIFA IRSD and IRSAD both sit at decile 9 nationally.
Unemployment
2.7%
Labour Force
7,943
Unemployed
211
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
56.3%
Part-time
39.1%
Participation
58.9%
Employed
1,243
Occupations
Top Industries
University
63.4%
Postgraduate
20.9%
Born Overseas
27.1%
Dwellings
1,022
Transport to Work
Car dependence is high at 77.3% of commuters driving, with public transport at just 6.0% and walking or cycling at 8.8%. No schools are recorded inside the 1.09 km2 boundary, so families rely on institutions in neighbouring suburbs. The suburb scores decile 9 on IRSAD nationally and the crime rate is low at 24.2 incidents per 1,000 residents based on 63 total incidents. Residential stability is strong, with 81.2% of residents having stayed in the same address. Rent-to-income sits at 14.0% and mortgage-to-income at 26.0%, both below conventional stress thresholds, and only 4.9% of residents need daily assistance.
Drive
77.3%
Public Transport
6.0%
Walk / Cycle
8.8%
Work from Home
N/A
Population Forecast
+0.58%/yr
(+101 people/yr)
EstablishedPopulation grows at 0.58% annually, adding about 101 persons per year, with medium forecasts projecting the SA2 rising from 17,318 in 2025 to approximately 17,857 by 2031. Overseas migration drives growth at a net 336 arrivals per year, more than offsetting an internal outflow of 112. The 10-year population change was 8.8%, modest by national standards. Toorak Gardens scores 10 on gentrification, classified as not gentrifying, because it is already at the top of the advantage distribution with no room to climb further. Real income grew 8.7% over the decade and affordability improved from 38.3% in 2011 to 34.7% in 2021.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+336
Net Internal / yr
-112
Gentrification Signal
Not gentrifying
Net internal outflow -112/yr, Strong overseas inflow +336/yr
Safety & Crime
Total Offences
63
Year ending June 2024
Rate per 1,000 People
24.2
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Toorak Gardens compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Toorak Gardens a good suburb to live in?
Toorak Gardens ranks in decile 9 on IRSAD and decile 10 on IEO nationally, among Adelaide's most advantaged suburbs. Household income is at the 87.7th percentile, university qualifications reach 63.4% and the crime rate is low at 24.2 incidents per 1,000 residents. The main trade-off is a $2,910,000 median house price and only 6.0% of commuters using public transit.
What is the median house price in Toorak Gardens?
The median house price is $2,910,000 as of Q1 2026, up 38.6% from $2,100,000 in Q1 2025. Weekly rent averages $320 and monthly mortgage repayments average $2,575. Outright owners are 47.5% of households, nearly double the mortgage-holding share of 25.9%.
What schools are in Toorak Gardens?
No schools are recorded inside the 1.09 km2 Toorak Gardens boundary in this dataset. Families draw on schools in neighbouring inner-eastern Adelaide suburbs. The local population is highly educated, with 63.4% holding university qualifications, which is 33.3 percentage points above the national average.
Is Toorak Gardens safe?
The recorded crime total is 63 incidents, giving a rate of 24.2 per 1,000 residents, low for an inner-metropolitan suburb. The suburb scores decile 9 on the IRSD index of relative disadvantage nationally, and only 4.9% of its 2,604 residents need daily assistance, both consistent with a low-disadvantage area.
Is Toorak Gardens good for property investment?
Rent of $320 per week against a $2,910,000 median implies a gross yield near 0.6%, low by any standard. Prices rose 38.6% in a single year and rent grew 21.1% over the measured period. The 7.4% vacancy rate is elevated, so the case rests on capital growth supported by net overseas migration of 336 arrivals per year into the SA2.
How is Toorak Gardens's population changing?
The suburb's population of 2,604 grows at 0.58% annually, with the SA2 up 8.8% over 10 years. Overseas migration drives growth at a net 336 arrivals per year while internal migration shows a net outflow of 112. The profile is aging, with the senior share rising 3.7 points and working-age share falling 3.1 points over the decade.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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