Suburb Stories: Toorak
Over the course of a 26-year real estate career, Nicole French has sold some of Toorak’s most iconic homes and has built up a wealth of knowledge about the area’s property market trends. We sat down with Nicole to learn more about the picturesque suburb and uncover some of its best kept secrets.
Defined by effortless style and undeniable luxury, Toorak’s quiet streets are nestled under a lush canopy of ancient trees and are lined by some of Melbourne’s finest homes. The enduring appeal of this spectacular suburb is reflected in its world class dining, shopping and art scene. Over the course of a 26-year real estate career, Nicole French has sold some of Toorak’s most iconic homes and has built up a wealth of knowledge about the area’s property market trends. We sat down with Nicole to learn more about the picturesque suburb and uncover some of its best kept secrets.
Marshall White: With so many beautiful suburbs in Melbourne, what do you think sets Toorak apart?
Nicole French: It’s a beautiful suburb to live in! The diverse mix of stunning homes set on wide boulevards to secluded enclaves is one of the many factors that differentiates Toorak. Pristine hedges, manicured gardens and beautiful tree-lined canopies allow for picturesque streetscapes. The housing styles have changed with the times, creating architectural layering of Pre-War, Arts & Crafts, Victorian, Edwardian, Georgian and French Provincial masterpieces. Renowned architects and landscape designers, both past and present, have left an indelible mark on the 3142 postcode.
Toorak is a quiet secluded neighbourhood, underpinned by elite private schools, within close proximity to the CBD, freeway access, fine dining restaurants, cafes and lifestyle precincts such as Toorak and Hawksburn Villages.
MW: During your time at Marshall White you have sold your fair share of exceptional homes. Which ones stand out to you and why?
NF: 9 Towers Road, Toorak, 4 Robertson Street, Toorak and The Penthouse, 29 Washington Street, Toorak stand out to me. The combination of collaborators delivered stunning homes, all unique in character. Considered design, hand selected bespoke finishes from around the world and beautiful gardens, crafted three unrivalled masterpieces. The pinnacle of design, aesthetics, execution and craftsmanship.
The housing styles have changed with the times, creating architectural layering of Pre-War, Arts & Crafts, Victorian, Edwardian, Georgian and French Provincial masterpieces.
MW: This prestigious suburb has attracted buyers from across the globe for decades. Why do you think the Toorak real estate market has remained so strong?
NF: With the suburb record being re-set numerous times over the past 12 months, from $24 million to just shy of $40 million, Toorak is the undisputed star performer of Melbourne real estate. Toorak’s median house price continues to surge to well over $4,000,000. Toorak’s property demographic is diverse from entry level apartments, family homes, luxury apartments and town houses; it’s a blue-chip suburb supported by great amenity for any stage of life.
The confidence in a 3142 postcode is strong from both local and international buyers. Local buyers understand what Toorak has to offer and generally move from the surrounding suburbs, or are current residents transiting from smaller to larger homes, luxury apartments and town houses, depending on their stage in life. Toorak’s reputation extends beyond Australia’s shores and it’s a favored destination for overseas buyers desiring a suburb synonymous with prestige and luxury with the attributes of great schooling and amenity.
The Toorak property market is showing no signs of cooling down and has more than doubling in price over the past five years. From an investment point of view, the track record is there.
MW: What are your favorite local spots to bite to eat or a coffee on the go?
MW: Having lived and worked in the area for many years, what are some of Toorak’s hidden gems?
NF: A walk around Toorak’s sweeping boulevards and breakfast in The Village is a Sunday must! A stone’s throw from Toorak is Como House and Garden. The Stables of Como is great for breakfast or lunch followed by a delightful walk around the Gardens.