Melbourne
Richmond vs Toorak
Compare property prices, recent market performance, lifestyle information, schools, transport and current listings across Richmond and Toorak.
Explore each suburb
Compare the headline stats here, then open each suburb hub, market data page or sell guide for Richmond and Toorak.
Richmond and Toorak comparison summary
A concise comparison of the latest property figures and the most relevant differences between the two suburbs.
The latest comparison places Richmond's median house price at $1,397,000, compared with $4,089,000 in Toorak. Richmond's median unit price sits at $581,750, compared with $894,250 in Toorak. The figures show a substantial difference in median house price between Richmond and Toorak, while other headline measures on this page help place those medians in context. Historical charts below provide further context on how house and apartment prices have moved across both suburbs. Use the side-by-side figures and charts on this page to review how each suburb compares before inspecting individual properties.
Side-by-side market snapshot
Compare the latest headline property figures for Richmond and Toorak.
| Metric | Richmond | Toorak |
|---|---|---|
| Median house price | $1.36M | $4.55M |
| Median unit price | $580,000 | $915,000 |
| Annual house price change | -2.50% | -25.53% |
| Median days on market | 24 days | 30 days |
Median sale price comparison
Compare historical median sale prices for houses and apartments in Richmond and Toorak.
- Richmond
- Toorak
Lifestyle comparison
Compare local shopping, dining, open space and everyday amenities across Richmond and Toorak.
Richmond
Richmond presents a mixed residential lifestyle where dining and cafés, parks and open space, everyday shopping and services and train, tram and bus and road access share prominence, with Royal Botanic Gardens Victoria - Melbourne Gardens among the area's notable open spaces. The suburb supports practical day-to-day routines without leaning heavily on a single amenity type or evening economy.
Toorak
Toorak is shaped by its concentration of cafés, restaurants and evening venues, with food and drink forming a noticeable part of everyday life rather than a background convenience. Parks, trails and open space provide balance within the suburb, while train, tram and bus and road connections and everyday shopping support practical access across the area.
School comparison
Review nearby schools and education options listed for Richmond and Toorak.
Richmond
Melbourne Girls College
Government
55 Yarra Blvd, Richmond VIC 3121, Australia
Richmond West Primary School
Government
25 Lennox St, Richmond VIC 3121, Australia
Richmond High School
Government
4 Griffiths St, Richmond VIC 3121, Australia
Ignatius Learning Centre
Catholic
326 Church St, Richmond VIC 3121, Australia
Lynall Hall Community School
Government
7 Gleadell St, Richmond VIC 3121, Australia
Yarra Primary School
Government
68-76 Davison St, Richmond VIC 3121, Australia
Transport comparison
Compare train, tram, bus and road connections available across Richmond and Toorak.
Both Richmond and Toorak provide excellent public transport, but they cater to different commuting needs. Richmond offers quick access to Melbourne's CBD via Richmond and East Richmond stations, supported by frequent tram services along Swan Street and Church Street. Toorak is served by Toorak and Hawksburn stations on the Cranbourne, Pakenham, Frankston and Sandringham lines, alongside multiple tram routes along Toorak Road — West Coburg. While both suburbs are well connected, Richmond is often preferred for fast inner-city access, whereas Toorak offers broader rail connectivity across Melbourne's eastern suburbs.
| Feature | Richmond | Toorak |
|---|---|---|
| Closest station | Richmond | Toorak |
| Major trams | 70, 78, 12, 109 | 58, 72 |
| Bus routes | Yes | Yes |
Comparison verdict
A final comparison based on the available property, lifestyle, school and transport information.
Richmond may suit buyers prioritising a lower median entry price, while Toorak sits at a higher headline house median on the latest snapshot. Richmond lists 9 nearby schools compared with 4 in Toorak under the same search rules. Transport pages for Richmond and Toorak cover train, tram and bus and road connections. The better fit depends on buyer priorities, so compare individual properties, school requirements, transport routes and current listings for Richmond and Toorak. Buyers should compare individual properties, school requirements, transport routes and current listings before deciding which suburb better matches their budget and day-to-day needs.
Current properties for sale
View currently available properties in Richmond and Toorak alongside the broader suburb comparison.
Loading listings…