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This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.
SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).
Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
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Sales Activity
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Sales Detail
Population
Toorak Gardens has seen population growth performance typically on par with national averages when looking at short and medium term trends
Toorak Gardens' population is approximately 17,202 as of November 2025. This figure represents an increase of 567 individuals (3.4%) since the 2021 Census, which recorded a population of 16,635 people. The change can be inferred from the estimated resident population of 17,170 as of June 2024 and an additional 368 validated new addresses since the Census date. This results in a population density ratio of 2,571 persons per square kilometer, placing Toorak Gardens in the upper quartile relative to national locations assessed by AreaSearch. The area's 3.4% growth since the census is within 1.5 percentage points of the SA3 area (4.9%), indicating competitive growth fundamentals. Overseas migration was primarily responsible for population growth during recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, the SA State Government's Regional/LGA projections by age category are adopted, based on 2021 data and released in 2023, with adjustments made using a method of weighted aggregation of population growth from LGA to SA2 levels. Future demographic trends suggest that Toorak Gardens is expected to increase its population by approximately 2,009 persons to reach 2041, reflecting an overall increase of about 11.5% over the 17-year period based on the latest annual ERP population numbers.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Toorak Gardens among the top 25% of areas assessed nationwide
Toorak Gardens has seen approximately 172 dwelling approvals annually. Over the past five financial years, from FY-21 to FY-25, around 860 homes were approved, with another 22 approved so far in FY-26. On average, 0.8 new residents arrived per year for each new home over these years.
This pace of construction matches or exceeds demand, providing more options for buyers and potentially exceeding population growth expectations. The average expected construction cost value of new properties is $475,000, indicating a focus on the premium market segment. In FY-26, there have been $70.4 million in commercial approvals, demonstrating strong commercial development momentum. Compared to Greater Adelaide, Toorak Gardens has 71.0% higher new home approvals per capita, offering greater choice for buyers. The new developments consist of 14.0% standalone homes and 86.0% attached dwellings, promoting higher-density living that creates more affordable entry points for downsizers, investors, and first-home buyers. This shift reflects the reduced availability of development sites and addresses changing lifestyle demands and affordability requirements.
Toorak Gardens has a low density characteristic with around 73 people per dwelling approval. According to AreaSearch's latest quarterly estimate, the area is forecasted to gain approximately 1,977 residents by 2041. With current construction levels, housing supply should meet demand adequately, creating favorable conditions for buyers and potentially enabling growth that exceeds current forecasts.
Frequently Asked Questions - Development
Infrastructure
Toorak Gardens has emerging levels of nearby infrastructure activity, ranking in the 33rdth percentile nationally
Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified six projects expected to influence the region. Notable initiatives include Glenside Development, UniSA Magill Campus Redevelopment (Magill Project), Burnside Village Expansion, and 12-16 Glen Osmond Road Mixed-Use Development. The following list details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Glenside Development
A $400 million master-planned community transforming the former Glenside Hospital site into approximately 1,200 homes, including apartments and townhouses, with a focus on modern design, heritage preservation, and significant public open space (over 30% of the 16.5-hectare site). Key components like Bloom Stage 1 and Banksia Apartments are complete, with Bloom Stage 2 under construction. The state government has recently adopted a Code Amendment to allow building heights up to 20 storeys in a specific north-west corner of the development, which could increase the total dwelling yield from 1,043 to approximately 1,200.
274-275 North Terrace Development Site
Premium 2,800sqm triple-street frontage development site opposite Lot Fourteen. Potential for Adelaide's tallest tower with mixed-use development including residential apartments, build-to-rent, hotel, student accommodation, retail and commercial space.
Norwood Oval Redevelopment
Major upgrade of the historic Norwood Oval including new grandstand, lighting, changerooms and community facilities, completed 2022-2024.
O-Bahn City Access Project
$160 million guided bus tunnel project extending O-Bahn system from Gilberton to cross-city priority bus lanes on Grenfell Street. Features 670-metre tunnel, centrally aligned priority bus lanes on Hackney Road, and improved access for 79,000 daily road users. Benefits Modbury through improved O-Bahn connectivity.
Burnside Village Expansion
Major expansion of Burnside Village shopping center bringing luxury brands including Gucci, Louis Vuitton, and Coco Republic to Adelaide. Features premium retail spaces, dining precincts, and enhanced parking facilities in a $200 million redevelopment.
12-16 Glen Osmond Road Mixed-Use Development
Construction of two seven-storey mixed-use buildings with publicly accessible central pedestrian link. Each building comprises two levels of commercial space, 35 residential apartments and 4 townhouses, with three levels of parking and shared terrace areas.
UniSA Magill Campus Redevelopment (Magill Project)
The South Australian Government has acquired the 14.62 hectare UniSA Magill campus site, on both sides of St Bernards Road, and transferred it to Renewal SA to be planned as a mixed use residential precinct. Renewal SA is preparing a master plan and structure plan that will guide future rezoning and development, with a vision for more than 400 new homes in a range of housing types including affordable housing, together with enhanced open space, tree canopy, community and recreational facilities, and protection of key features such as Murray House and the Third Creek corridor. Initial community engagement on the high level vision and opportunities for the site ran from November 2024 to February 2025, and feedback is now being used to refine the draft structure plan ahead of a future Code Amendment and staged redevelopment over the next decade, once UniSA leaseback arrangements expire.
Hutt Street Luxury Apartments
10-storey mixed-use development comprising 40 luxury apartments on floors 1-9, 372sqm of ground-floor retail space, two-level basement car park, and rooftop solar panels. Designed by DKO Architecture, the 35m tower sits above a two-storey podium on a 1,241sqm prime CBD site at the corner of Allen Place.
Employment
AreaSearch analysis of employment trends sees Toorak Gardens performing better than 85% of local markets assessed across Australia
Toorak Gardens has a highly educated workforce with strong representation in professional services. The unemployment rate is 1.9%, lower than Greater Adelaide's 3.9%. Employment growth over the past year was estimated at 3.0%.
As of September 2025, there are 8,955 residents in work, with an unemployment rate of 2.0% and workforce participation at 63.0%, compared to Greater Adelaide's 66.5%. Around 17.9% of residents work from home. Key industries include health care & social assistance, professional & technical services, and education & training. The area specializes in professional & technical services with an employment share twice the regional level, while construction employs just 5.0%, below Greater Adelaide's 8.7%.
The worker-to-resident ratio is 0.7, indicating above-normal local employment opportunities. Between September 2024 and September 2025, employment increased by 3.0% with no significant change in unemployment. National employment forecasts from May-25 suggest a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Toorak Gardens' employment mix indicates local employment growth of 7.4% over five years and 15.1% over ten years.
Frequently Asked Questions - Employment
Income
Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch
The median income among taxpayers in Toorak Gardens SA2 was $59,435 and the average income stood at $95,650 according to ATO data aggregated by AreaSearch for financial year 2023. These figures compare to Greater Adelaide's median income of $54,808 and average income of $66,852 respectively. Based on Wage Price Index growth of 8.8% since financial year 2023, current estimates would be approximately $64,665 (median) and $104,067 (average) as of September 2025. According to Census 2021 data, incomes in Toorak Gardens cluster around the 68th percentile nationally. The largest income segment comprises 27.8% earning between $1,500 and $2,999 weekly (4,782 residents). Higher earners represent a substantial presence with 31.6% exceeding $3,000 weekly. After housing costs, residents retain 87.8% of income. The area's SEIFA income ranking places it in the 9th decile.
Frequently Asked Questions - Income
Housing
Toorak Gardens displays a diverse mix of dwelling types, with above-average rates of outright home ownership
Toorak Gardens' dwellings, as per the latest Census, were 55.2% houses and 44.8% other dwellings (semi-detached, apartments, 'other'). Adelaide metro had 75.2% houses and 24.9% other dwellings. Home ownership in Toorak Gardens was 44.0%, with mortgaged dwellings at 28.0% and rented at 28.0%. The median monthly mortgage repayment was $2,167, higher than Adelaide metro's average of $1,562. Median weekly rent in Toorak Gardens was $339, compared to Adelaide metro's $320. Nationally, Toorak Gardens' mortgage repayments were higher at $2,167 versus Australia's average of $1,863, while rents were lower at $339 compared to the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Toorak Gardens features high concentrations of lone person households, with a lower-than-average median household size
Family households constitute 65.1% of all households, including 30.4% couples with children, 26.5% couples without children, and 7.4% single parent families. Non-family households account for the remaining 34.9%, with lone person households at 32.5% and group households comprising 2.4%. The median household size is 2.3 people, which is smaller than the Greater Adelaide average of 2.5.
Frequently Asked Questions - Households
Local Schools & Education
Toorak Gardens shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators
Toorak Gardens' residents aged 15+ have a higher educational attainment than broader benchmarks. 52.7% hold university qualifications compared to SA's 25.7% and Greater Adelaide's 28.9%. Bachelor degrees are the most common at 32.8%, followed by postgraduate qualifications (15.2%) and graduate diplomas (4.7%). Vocational pathways account for 19.5%, with advanced diplomas at 9.5% and certificates at 10.0%.
Educational participation is high, with 29.5% currently enrolled in formal education. This includes 9.5% in primary, 7.8% in secondary, and 7.5% pursuing tertiary education.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Toorak Gardens has 100 active public transport stops, all of which are bus stops. These stops are served by 46 different routes that together facilitate 2,594 weekly passenger trips. The area's transport accessibility is deemed excellent, with residents typically residing just 174 meters from the nearest stop. As a predominantly residential zone, most commuters travel outward. Cars remain the primary mode of transportation, used by 81% of residents, while buses are employed by 8%, and walking by 4%. On average, there are 1.2 vehicles per dwelling in Toorak Gardens, which is below the regional norm.
According to the 2021 Census, 17.9% of residents work from home, a figure potentially influenced by COVID-19 conditions. Across all routes, service frequency averages 370 trips daily, equating to roughly 25 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Toorak Gardens's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Toorak Gardens' health outcomes show excellent results according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 69% of the total population (11,817 people), compared to 52.7% in Greater Adelaide and a national average of 55.7%.
The most prevalent medical conditions are arthritis and mental health issues, affecting 7.8% and 6.7% of residents respectively. Notably, 71.0% of residents report being completely clear of medical ailments, compared to 67.9% in Greater Adelaide. As of 2021, 26.3% of residents are aged 65 and over (4,527 people), higher than the 19.0% in Greater Adelaide. Despite this, health outcomes among seniors remain strong and align with national rankings for the general population.
Frequently Asked Questions - Health
Cultural Diversity
Toorak Gardens was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics
Toorak Gardens was found to be more culturally diverse than most local markets, with 31.6% of its population born overseas and 26.2% speaking a language other than English at home. Christianity is the predominant religion in Toorak Gardens, making up 45.2% of people there. However, Judaism is notably overrepresented, comprising 0.2% of the population compared to 0.1% across Greater Adelaide.
The top three ancestry groups are English (25.8%), Australian (19.3%), and Other (9.3%). Notably, Sri Lankan, Italian, and Chinese ethnicities have higher representations in Toorak Gardens than regionally: Sri Lankan at 0.6% vs 0.2%, Italian at 5.3% vs 5.2%, and Chinese at 8.7% vs 3.1%.
Frequently Asked Questions - Diversity
Age
Toorak Gardens hosts a notably older demographic compared to the national average
The median age in Toorak Gardens is 44 years, which is higher than Greater Adelaide's average of 39 years and Australia's median of 38 years. Compared to Greater Adelaide, the cohort aged 75-84 is notably over-represented in Toorak Gardens at 10.1%, while those aged 25-34 are under-represented at 10.0%. Between the 2021 Census and now, the population aged 15 to 24 has grown from 11.6% to 13.2%, while the 75 to 84 cohort has increased from 8.7% to 10.1%. Conversely, the 45 to 54 age group has declined from 12.4% to 11.4%. By 2041, population forecasts indicate significant demographic changes for Toorak Gardens. The 85+ age cohort is projected to grow by 709 people (an 88% increase) from 808 to 1,518. Those aged 65 and above are expected to comprise 63% of the population growth. Conversely, the cohorts aged 0 to 4 and 5 to 14 are projected to experience population declines.