5/589 Toorak Road, Toorak, VIC 3142 | Property Value & History | OnTheHouse
 
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5/589 Toorak Road
Toorak VIC 3142

Bedrooms: 3
Bathrooms: 3
Car spaces: 4
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Last updated 22 Jun 2026
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Property Details for 5/589 Toorak Rd, Toorak

5/589 Toorak Rd, Toorak is a 3 bedroom, 3 bathroom Unit with 4 parking spaces.

Building Type
Unit
Local Government
Stonnington

Last Listing description (January 2021)

NO.5 SECOND-FLOOR APARTMENT 294M2

CONSTRUCTION UNDERWAY, COMPLETION ON TRACK FOR EARLY 2021.


With its extremely generous interiors and refined details, this pet-friendly residence is as much contemporary apartment as it is a family home. Imbued with beauty, light and privacy, its a singular address that has it all and more.

Features include:
3 beds plus study, 3.5 baths
205m2 approx. of internal space, 44m2 external
Private entry threshold to each residence accessed directly by lift
Triple aspect North, East, West
Secure underground parking for four cars plus storage, with direct lift access to apartment
Kitchen includes stone benchtops and splashback, fully integrated Miele appliances
Bathrooms feature deep baths, double vanities and bronze fixtures
Electric car-charging stations in basement
Reverse cycle air-conditioning
Double-glazed windows
Gas fireplace
Pet-friendly


Enquiries: RT Edgar

Sarah Case
+61 439 431 020

Rudy Van Der Berg
+61 405 204 450

fortis.com.au/ode

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Property History for 5/589 Toorak Rd, Toorak, VIC 3142

A timeline of how this property has performed in the market
  • 22 Aug 2019
    Listed for Sale No.5 Second Floor Terrace Residence
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About Toorak 3142

The size of Toorak is approximately 4.3 square kilometres. There are 10 parks, covering nearly 3.1% of the 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 9,273 properties. Over the last 5 years, Houses in Toorak have seen a -12.29% decrease in median value, while Units have seen a 0.73% increase. As at 31 May 2026:

  • The median value for Houses in Toorak is $4,373,594 while the median value for Units is $1,109,034.
  • Houses have a median rent of $1,700 while Units have a median rent of $675.
There are currently 6 properties listed for sale, and 8 properties listed for rent in Toorak on OnTheHouse. According to Cotality's data, 492 properties were sold in the past 12 months in Toorak.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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