Toorak has a long and illustrious history dating back to the 1840s when it was founded as a farming community. Today, it stands as one of Melbourne’s most luxurious and exclusive suburbs, attracting wealthy residents, celebrities, and investors from around the world. The suburb takes its name from Toorak House, an Italianate residence built in 1849 by merchant James Jackson, which later became the official residence of Victoria’s governors.
Known for its tree-lined streets, grand estates, and refined lifestyle, Toorak remains Melbourne’s most coveted address. Toorak Village serves as the heart of the community, offering world-class shopping, fine dining, and boutique cafes, while its elite private schools and seamless access to the CBD further enhance its appeal. The suburb boasts one of the highest median house prices in Australia, sitting at approximately $4.6 million, with luxury properties regularly commanding record-breaking sums. In 2025, the iconic Coonac Estate on Clendon Road set a new benchmark, selling for $130 million and becoming one of the most expensive homes ever sold in Australian history.
Toorak has a long and illustrious history dating back to the 1840s when it was founded as a farming community. Today, it stands as one of Melbourne’s most luxurious and exclusive suburbs, attracting wealthy residents, celebrities, and investors from around the world. The suburb takes its name from Toorak House, an Italianate residence built in 1849 by merchant James Jackson, which later became the official residence of Victoria’s governors.
Known for its tree-lined streets, grand estates, and refined lifestyle, Toorak remains Melbourne’s most coveted address. Toorak Village serves as the heart of the community, offering world-class shopping, fine dining, and boutique cafes, while its elite private schools and seamless access to the CBD further enhance its appeal. The suburb boasts one of the highest median house prices in Australia, sitting at approximately $4.6 million, with luxury properties regularly commanding record-breaking sums. In 2025, the iconic Coonac Estate on Clendon Road set a new benchmark, selling for $130 million and becoming one of the most expensive homes ever sold in Australian history.