11/298 Williams Rd, Toorak is a 1 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 1091m2 and floor size of 41m2.
A lot of agents talk about lifestyle...but what does that actually mean? For some, it might mean an early start, and being able to take a morning walk around Como Park, through Como House and along the Yarra River. For others, it could be the convenience of walking up to Toorak Village in just six minutes, ensuring their morning coffee fix is always within reach. For me, living at the architecturally significant 298 Williams Road is probably an inconvenient lifestyle, because the chocolate frogs from Haighs would be far, far too close for comfort. Whether it is the Toorak Road Trams, Hawksburn Station or the Main Yarra Trail, the position of this apartment is undeniably offering an incredible lifestyle, but you need to make sure you get the right apartment.
It should have great natural light, and a western aspect is perfect (particularly if you have a leafy outlook to shade the direct afternoon sun). It should be neat and tidy, but there isn't much point paying for someone else's luxury renovation (why not add some value yourself?). Views are great if you can find them, but good luck in Toorak at an affordable price. Finally, if you want to rent it out you need to make sure you can find a great tenant quickly, and at the right return. I can tell you that right now, as off December 2022, 98.3% of our properties are currently occupied. What a time to be looking for an investment (and we hear negative gearing might be back).
I know what you are thinking, this all sounds too good to be true at this price-point...but why not take a closer look and the time to inspect? It could be the best decision you ever make.
The size of Toorak is approximately 4.3 square kilometres. It has 10 parks covering nearly 3.1% of total area. The population of Toorak in 2016 was 12909 people. By 2021 the population was 12817 showing a population decline of 0.7% 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 2021, 65.20% of the homes in Toorak were owner-occupied compared with 61.70% in 2016.
Toorak has 9,338 properties. Over the last 5 years, Houses in Toorak have seen a 12.72% increase in median value, while Units have seen a 8.18% increase. As at 31 December 2025:
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