Toorak suburb profile

Melbourne suburbs

Toorak suburb profile is important because this is a prominent suburb. We also consider this suburb to be in the Stonnington (C) area, or in vicinity of thereof. This means that we belive Toorak to be in Stonnington (C), or it could mean that it is sufficiently close to Stonnington (C) for us to classify it as such.

Chances are you will come across Toorak if you are searching for a house to buy or rent. There are a number of valuable metrics that can be used to help in our decisions on where to live, invest or play. Analysing a suburb is important. This, along with another information, could help an investor, renter or home buyer to make better decisions. We are all about empowering people and reducing the chances they will get a dud investment or purchase a home in a suburb they don’t like. This is Toorak information.

About the city where Toorak is located

Melbourne is a beautiful, quickly growing city. It is the capital of Victoria and one of the largest cities in Australia. The southern capital city offers a bit for everyone. From great museums, beautiful parks and to great gourmet experiences.For Brisbane or for Sydney follow the links by clicking the city name.

Below series of metrics are released to show some of the aspects we use in analysing a suburb when purchasing property. You can find this suburb on this map.

Quick stats

Population: 12,912 LGA: Stonnington (C) Wealth: very high income

You are reading Toorak ancestry profile

Toorak suburb profile: This suburb has 46% males and 54% female population. A total number of 12,912 people have reported this suburb as their main place of residence. This could include renters, home owners and boarders. This doesn’t necessarily mean that all those people own property in the suburb. Here are further details.

Toorak has a high percentage of people from English background. In fact a total of 4,030 have reported to have one or two parents of English background. Thereafter, the next most common ancestry reported is Australian, with a total of 3,158 people reporting to have one or two parents from Australian background. Further, the third most common ancestry reported in Toorak is Irish with a reported number of 1,551 residents reporting parents from this background.

Finally, the forth and fifth most reported ancestries are Scottish and Chinese reporting respectively 1,369 and 1,108. You can obtain further details by heading to this report.

For example, below graph depicts the ancestries reported in this subrub:

This chart is showing Toorak ancestry profile. Top 10 ancestries in Toorak are shown from the most prevalent to least.
This chart is showing Toorak ancestry profile. Top 10 ancestries in Toorak are shown from the most prevalent to least.

Income and wealth profile for Toorak

From the wealth perspective Toorak can be considered a very high income level suburb. While the majority of people in this suburb earn in vicinity of top over $3,000. That is not to say, that all people have to be in that income bracket. For example, we estimate that roughly 33.02% of people in this suburb earn above average income. In other words, we estimate that to be over $3,000 Total Personal Income (Weekly).

At the same time, 14.42% of people in this suburb earn the bottom range of income. To clarify, we estimate that to be in surrounds of $1,000-$1,249 of Total Personal Income (Weekly).

For example, below graph would show the distribution of income in the area:

This chart is showing Toorak income distribution and wealth.
This chart is showing Toorak income distribution and wealth.

Generally speaking, the income composition of this suburb could mean that this suburb has a chance of very high capital gains in medium to long term. This is however is not a blanket statement and each property needs to be analysed. Property investors are cautioned to perform appropriate due diligence and analyse the type, location and suitability of their property of choice To request further information, you can head to https://securedatapower.com/blog/2019/01/02/general-contact-form/

Below table will show the top most reported ancestry backgrounds in Toorak

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English4030
Australian3158
Irish1551
Scottish1369
Chinese1108
Italian622
Polish603
German452
Greek357
Indian320
Russian189
French143
Dutch139
Hungarian119
New Zealander82
South African78
Welsh78
Lebanese75
Vietnamese70
Sri Lankan69
Maltese50
Spanish50
Croatian49
Serbian49
Filipino34
Macedonian34
Korean19
Turkish16
Maori8

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