Toorak Village economic profile
Toorak Village is famous for its fashion boutiques, sunny street cafes, fine dining, luxurious beauty parlours and hair salons, the best in medical and professional business advice, and the annual Toorak Village Sculpture Exhibition.
Key economic indicators
- 14,000 people live nearby, and approximately 700 work in the precinct.
- 17 per cent of people are aged 35 to 49.
- 42 per cent of households are high-income, with a median weekly income of $2,538.
- 192 businesses in Toorak Village generated $295M spend, with the largest sector being retail (44 per cent).
- Residents of Toorak spent $75.9M locally in Toorak Village in 2021, with visitors spending $128.6M.
Read the Place Activation Plan for Toorak Village or find out more about Toorak Village in the economic snapshot below.
Economic Snapshot
July to September 2024 (Q3 2024)(PDF, 95KB)
Pedestrian activity data current as of 1 August 2024. Source: City of Stonnington Pedestrian counter 005. Spend data current as of 1 August 2024 and is subject to revisions. Source: Spendmapp by Geografia (2024). Vacancy data current as of January 2024 - 6 monthly review. Source: Vacancy Review, prepared by E3 valuations and commissioned by City of Stonnington.
Previous Snapshots