Question 1

Is Toorak Gardens a nice place to live?

Accepted Answer

Toorak Gardens is an established, tree-lined inner-eastern Adelaide suburb with well-preserved period homes, including Victorian and Federation cottages, roomy interwar houses and tasteful modern infill set behind garden-fronted blocks, which gives the area a calm, residential feel. Everyday needs are met by nearby shopping strips and cafés, and regular bus services plus major roads provide straightforward links into the city and to hospitals and specialist services in the inner east.

The suburb has about 2,604 residents, a median age of 47 and a typical household income of $2,286 a week. Homes are largely owner-occupied, with roughly three-quarters owned by residents, and couple families make up the bulk of households. Local council plans for traffic, streetscape and active-transport improvements include Toorak Gardens, and Burnside Hospital is delivering a new health precinct with construction under way on the Godfree House redevelopment. That combination tends to suit families, professionals and downsizers; whether it suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Toorak Gardens?

Accepted Answer

Rents in Toorak Gardens sit differently by dwelling type. A house renting for $823 a week would take about 36.0% of a typical local household's weekly income as recorded at the most recent Census, which is a sizeable share of that income. A unit at $540 a week would take about 23.6% of the same Census household income, a moderate share. If you're renting rather than buying, those rent shares are the figures to focus on when judging cost.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Toorak Gardens a good place to invest?

Accepted Answer

Over the past 12 months house values in Toorak Gardens climbed 29.9%, a strong rise, and unit values also rose, up 13.0% over the year. House rents increased 8.3% in the same period, a solid gain, while unit rents fell slightly, down 1.5%.

Put simply, houses have delivered the larger capital gains this year and have also shown stronger rental growth than units. If capital growth is your priority, the house numbers are the most relevant; if rental income matters more, the rent movements are the figures to weigh. Whether that pattern makes Toorak Gardens the right investment for you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	29.9%	13.0%
Sold Past 3 months	4	4
Median days on market Past 12 months	76	51
Average rent Past 12 months	$823	$540
Change in rent Past 12 months	8.3%	-1.5%

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