South-East of Melbourne you will find the leafy suburb of Toorak, the long-time stomping ground of the well-heeled. Toorak is an attractive, well-serviced suburb, with close proximity to the CBD.
A constant real-estate performer it boasts designer boutiques, grand mansions and luxury apartments, and excellent private schools.
Toorak is home to Melbourne’s most expensive property, with a mansion on Towers Road selling for $26.25 million just before Christmas in 2016. Earlier this year a five bedroom home in Myvore Court sold for almost $20 million while the median house price is now $4.3 million and rising.
Certainly, if you are looking dip your toe into, or expand your portfolio in Melbourne’s prestige property market Toorak is a classic performer.