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Agent Fees & Marketing Costs

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Property Value Estimate

A current estimated value of your Toorak property, before talking to the experts.

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List of Top Toorak Real Estate Agents

There is a huge difference between good and bad agents.

The best agents don’t just sell loads of properties - they sell them faster and at higher values. We've collected data on all of the top agents in Toorak below, so you can see what kind of difference an experienced agent makes.

In the past 12 months, Toorak real estate agents have sold 567 properties. Houses in Toorak spent 33 days on the market before selling and apartments 50 days. Most properties sold were units.

We have prepared a shortlist of agents operating in Toorak, but the agents on this list may not suit your style of property. Individual agent performance can vary significantly, even if the agents share the same agencies or office.

Which Real Estate Agent calculates a list of 3 top local agents from all agent sales data in the area, personalised to your property. Get started with our agent comparison tool.

Which Real Estate Agent's Best Toorak Agents

Good agent selection means you increase your chances dramatically of a higher property price and an easy, quick sale. We can calculate a shortlist of top agents through our agent comparison tool.

To start selling, it's best to speak with a top-performing local real estate agent who has experience with properties like yours and can work well with you.

Properties Sold

567

(12 Months to Mar 2024)
Different Agents Used

70

(Mar 2024)
Different Agencies Used

18

(Mar 2024)

A suitable agent should be focused on selling property near yours (bonus for the same street!), experienced at selling property like yours, have a strong history of successful negotiations, and possess a personality that works well with potential buyers and yourself. Most agents have a particular focus, e.g. houses within a certain area, price bracket, and a ranking within their agency. We do everything we can to identify these agents for you.

We've crunched the numbers on properties sold in Toorak and have identified top agents that don’t just sell a lot of properties, but those that appear to sell for more and faster than their competitors.

Toorak Agents That Sell For Higher Prices

Suburb Avg.
$2,707,061
Top 3 Agents
$10,501,644

Top agents achieved 3.9x higher prices than the suburb average.

Agents with good negotiation skills and strong contacts in the local real estate industry can often bump your property values, covering their fees and getting more in your pocket.

Toorak Agents That Sell Faster

Suburb Avg.
84 Days
Top 3 Agents
37 Days

The top 3 agents in Toorak sell 2.3x faster than the suburb average.

A strong advertising strategy or an extensive buyer’s database typically speeds up the selling process immensely, so ensure your agent can provide both.

Toorak Agents With The Most Experience

Suburb Avg.
1
Top 3 Agents
4

Top agents achieved 4.0x more sales than the suburb average.

Good real estate agents have a sales record that includes sales in suburbs surrounding Toorak. You need to find a top agent with sales histories and expertise handling similar properties to yours in or near Toorak.

Why Use Us

Our service is 100% free and no obligation to you.

We are an independent Australian company that helps property owners make informed decisions on which real estate agent to use. We provide independent performance data on real estate agents, making it easy for you to identify the best suited agents to interview and ultimately achieve the best price.

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What To Pay Your Toorak Agent

The lowest fee should not be your top requirement in an agent. Rather, you should look for agents that can strongly back up their fee structure and commission rate.

An agent with a strong sales background in selling quickly and for a higher price will often cover their fee and more. Receive a shortlist of top agents in the local Toorak area from our agent comparison tool to sell confidently.

Toorak is one of the more affordable suburbs in Australia when it comes to real estate agent commission rates. Experience has shown us that real estate agent commission rates in Toorak average around 1.9%.

The commission rate in Toorak is on average lower than most other suburbs in Australia, which means you get to keep some more of your profit compared to sellers in other areas. Don’t forget that you can still negotiate a better rate with your agent, or how much goes into advertising.

1.9%
Toorak Average Commission Rate
~2.1%
National Average Commission Rate

Use the real estate agent fee calculator below to determine how much it may cost to sell your property in Victoria. Amounts calculated include 10% GST, but exclude other costs an agent may charge such as advertising and marketing.

$0.00

Estimated Agent Commission

More Information

The data on this website, including in the graphs and calculator, is approximate in nature and should not be relied upon.

Talking to a top local real estate agent is a good first step to determine what you may be required to pay to sell your property and to understand the local property market.

The graph and calculator use data collected by Which Real Estate Agent in 2019, and provides a state-wide average estimation of commission rate. The data presented should only be used as an indication of what you may be required to pay.

Be careful of extra fees that may be charged by a real estate agent. We recommend you properly review the agency agreement and cost schedules, so there are no surprises when you are presented with the final bill.

There is almost always room to negotiate commissions with agents. Do not be afraid to ask for an agent fee structure that favours your situation and ensures the agent does their job.

However, remember that an agent willing to drop their agent fees to rock-bottom are not likely to have your best interests at heart. Make sure you’re not just padding out someone else’s sales statistics - you should spend a little more to make more.

Need more information about agent fees or costs? Read our comprehensive guide to the fees charged by agents here.

Frequently Asked Questions

SHOULD I SELL MY HOUSE IN Toorak IN 2024?

According to our data, you may want to consider selling your Toorak property in 2024.

The average apartments and units growth in Toorak has risen to 1.4% over the past 10 years. The increase in property values has led to an appreciating market where selling your property is generally easier and buyers are generally more competitive.

Price growth for Toorak houses over the last year has been below the ten year annual growth rate, coming in at -6.5% for houses (compared to the 10 year average, 2.6%).

Units/apartment values over the past 12 months in Toorak have moved lower for -6.7%, compared to the 10 year average, 1.4%.

To find out how to sell your house and to find the best agent, click here.

WHAT IS MY HOUSE PRICE ESTIMATE?

There are several variables that can affect property values in Toorak. To accurately estimate the value of your Toorak property, these variables need to be taken into account.

One example of a variable that affects your house price is proximity to local area amenities.

Proximity to Toorak local amenities is something that rarely changes. If your property is within walking/driving distance to Toorak amenities/shopping areas/schools/restaurants, your property value estimation tends to be higher.

Proximity to amenities should be taken into account when estimating property values, along with distance to city areas, property type, condition of the property and more.

Figure out the value of your home, and start your selling journey with some confidence. Get started by requesting a property appraisal from an agent today.

WHAT ARE THE STEPS TO SELLING MY Toorak HOUSE?

There’s a lot to think about when selling your Toorak property, and a lot of it happens before signing up with an agent.

Initially, you should look at the Toorak property market and see if the conditions are right. Get an idea of how much your property is valued in the present day, starting with an independent property value report. Then you will want to contact and interview multiple agents (ideally around 3) and discuss selling methods, advertising and fees.

Making mistakes at this stage could cost you a lot of time and money. Hiring an experienced local real estate agent betters your chances of a hassle-free selling process that ends in a good result for you.

If you need more in-depth information on each step of the selling process, read our comprehensive guide on selling here.

HOW DO I FIND THE BEST REAL ESTATE AGENT IN Toorak?

To find the top agents in your area, look into the sales histories and statistics behind each agent in your area. The best indicator is experience selling similar properties in the local area. This equates to knowledge behind positioning the property to the target market and an active list of prospective buyers that ultimately assists in achieving the best price.

Interview multiple agents to get a feel for fees and quality, and ask for as much proof as possible that they can do the job well.

Get more guides on choosing or finding the best agents here. Get a free shortlist of real estate agents in Toorak by using our real estate agent comparison tool. We look into agents who sell quickly for the highest prices to ensure you get the best result.

HOW COULD THIS SERVICE BE FREE?

If an agent we suggest is successful in selling your home, they pay us an industry-standard referral fee. If the agent is unsuccessful, there is no fee payable.

This means it is in our best interest to find a top-performing real estate agent that can sell your property with minimum fuss.

IS YOUR AGENT ANALYSIS BIASED IN ANY WAY?

No. In comparison to our competitors, we do NOT have a limited database of agents to work with. We do not have special agreements with any agents or agencies for property sales.

Which Real Estate Agent is unique in that we carefully analyse the local agents in the area and base our recommendations upon individual agent sales histories and customer reviews.

In addition, we receive the same referral fee regardless of which suggested agent is chosen by you. We only receive the fee if the property is sold.

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Toorak Suburb Overview

Toorak is a suburb of Melbourne, Victoria, Australia, 5 km south-east from Melbourne’s Central Business District. Its Local Government Area is the City of Stonnington. At the 2011 Census, Toorak had a population of 12,871.

In popular Australian culture, the name Toorak has become synonymous with wealth and privilege. The suburb has long had the reputation of being Melbourne’s most elite, and ranks among the most prestigious in Australia. It has the highest average property values in Melbourne, and is one of the most expensive suburbs in Australia.

Located on a rise on the south side of a bend in the Yarra River, Toorak is bordered by South Yarra, at Williams Road on the west, Malvern, at Glenferrie Road on the east, Prahran and Armadale, at Malvern Road to the south and the suburbs of Richmond and Hawthorn on the north side of the river. The suburb’s main street is considered to be Toorak Road, in which the commercial area of Toorak Village is located.

Toorak takes its name from Toorak House, the residence of James Jackson, a merchant, in 1849.

Toorak was named after Toorak House, an Italianate residence built by James Jackson, a merchant, in 1849. The name of the house may have originated from Woiwurrung language, with words of similar pronunciation meaning black crow or reedy swamp.

From 1854 Toorak House served as the residence of the first Governor of Victoria, Captain Sir Charles Hotham KCB RN and his successors, until the completion of the present Government House in the Kings Domain.

During the land boom of the 1880s, many large and elaborate mansions were erected in Toorak, often in the Italianate style. Following East Melbourne and then St Kilda, Toorak, along with Brighton, became the new favoured location for the wealthy.

The suburb was hit particularly hard by the 1890s economic depression and many wealthy landowners declared bankruptcy and were forced to sell. Nonetheless, the suburb remained and is still Melbourne’s home of old money. In the 1920s, a favoured style was Tudor revival.

In the period of post World War II prosperity, rising standards of living and land values caused Toorak to became highly sought after by a new generation of the wealthy, thought by some to be social climbers and Nouveau riche. For some of these people, the focus was simply to have the postcode of Toorak, which was SE 2 and now 3142. As a result, many of the larger mansions were demolished and large holdings were subdivided to make way for flats, town-houses and apartments.

In the 1980s larger houses in Neo-Georgian and Neo-Classical styles began to appear.

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