If you were to buy a house locally at the current median price of $3,512,500 and had 10% deposit, then you would need a mortgage for $3,161,250. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of TOORAK, 3142 grew an average of -51.20 people each year. This figure of 2554.00% per annum means TOORAK is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,223 less than the median monthly home loan repayment in TOORAK, VIC.
Weekly gross incomes in TOORAK, 3142 have increased by $281. In the same period median mortgage loan repayments have increased by $334.