Toorak and South Yarra are Melbourne’s most recognisable prestige suburbs. Toorak is Australia’s most expensive suburb by average transaction value. South Yarra is Australia’s most walkable suburb with a walk score of 100 and the densest mix of retail, dining and transport of any Melbourne suburb. Here is the full GeeVee comparison for 2026.
| Metric | Toorak | South Yarra |
|---|---|---|
| Median House Price | $4,800,000 | $2,180,000 |
| Median Apartment Price | $1,200,000 | $680,000 |
| Gross Yield (House) | 1.4% | 2.1% |
| Gross Yield (Apartment) | 2.8% | 4.1% |
| 5-Year Growth | 22% | 28% |
| Walk Score | 82 | 100 |
| GeeVee Score | 6.8/10 | 7.6/10 |
GeeVee Verdict
South Yarra wins on yield, walk score, five-year growth and GeeVee score at a fraction of Toorak’s entry price. Toorak wins on prestige, land size and ultra-high-net-worth tenant demand. For investors, South Yarra apartments at $680,000 with 4.1% yield are the more rational 2026 choice. Toorak is a generational hold for ultra-high-net-worth families, not a yield play.
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