872 Toorak Road, Hawthorn East VIC 3123
872 Toorak Road, Hawthorn East VIC 3123
Modern apartment corridor | Premium finishes | Tooronga station proximity | Mixed buyer demand | Arterial road exposure
This property is positioned within a modern apartment corridor on Toorak Road, where contemporary developments are known for concrete ceilings, oak floors and stone benches. That finish standard is considered above typical suburban stock and is suited to first-home buyers, downsizers and investors seeking low-maintenance living. Proximity to Tooronga station and village, along with parklands and school options, is seen as a convenience edge that supports steady demand. The property serves best a professional or small household wanting inner-east accessibility without a house-sized footprint.
Value may be affected by floor level and outlook; higher floors with city or leafy views might be expected to command a premium. Frontage to Toorak Road could be associated with traffic noise, which buyers may weigh against convenience. The limited land content might constrain long-term upside compared with house formats, though the modern fitout and location are likely to support rental demand. These factors should be weighed when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 872 Toorak Road, Hawthorn East VIC 3123
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Hawthorn East anchors Melbourne’s inner east, with tram, train and road links providing solid CBD access. Demand is led by professionals and families drawn to strong school catchments and nearby employment hubs. House prices present a bifurcated picture: reported medians range from $2.21m to $2.58m, with most sources showing a mild annual decline of 1% to 3%. Units offer a cheaper entry point at $560k–$650k, though growth is mixed, from -3.1% to 1.9%. Houses trade in around 34–39 days, suggesting steady but not overheated turnover. Future growth relies on infrastructure accessibility and the depth of high-income buyer demand. The main constraints are severe affordability at a ~$2.5m median, sensitivity to interest rates given large loan sizes, and year-on-year variability in sales volumes that signals supply fluctuations.
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PropCred Estimated Value
Comparable Sales: 110/771 Toorak Road: $422,000; 406/770C Toorak Road: $579,000 | Property Price Band: $500K to $600K | Value Drivers: condition, floor level, outlook
Bedrooms
3
Bathroom
1
Parking
1
Land
644m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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