Toorak is approximately 4.3 square kilometres in size. It has 6 parks covering nearly 2.6% of total area. The population of Toorak in 2011 was 12,870 people. By 2016 the population was 12,907 showing a population growth of 0.3% in the area during that time. The predominant age group in Toorak is 20-29 years. Households in Toorak are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Toorak work in a professional occupation. In 2011, 61.7% of the homes in Toorak were owner-occupied compared with 61.7% in 2016. Currently the median sales price of houses in the area is $4,425,000.
Toorak is home to some of Australia's most elite rich and famous people. Unlike some of the expensive suburbs in Sydney, this suburb is not located next to a beach or riverfront. Rather it offers a boutique lifestyle for people who value downsized living with peace and quiet, and just a stones throw away from the CBD. Toorak's streets are lined with desirable shopping strips such as Hawksburn Village as well as popular cafes, bars, and restaurants.
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