$45 Million Rail Upgrade Transforms Toorak's North-Eastern Growth Corridor

Toorak’s north-eastern fringe around Grange Road and the newly upgraded Heyington Station is fast becoming an investment hotspot, following the confirmation of a $45 million public transport overhaul set for completion in 2027.

Why North-East Toorak Is Now in Focus

The new infrastructure rollout lands amid heated local demand for accessible lifestyles and future-facing amenities. The upgrades at Heyington Station, coupled with the construction of a dedicated cycling path running from Como Park up to Glenbervie Street, are drawing buyers and investors who previously favoured established southern pockets. Developers have begun circling unrenovated homes and smaller blocks along Grange Road and Osborne Court, seeing upside in the suburb’s new connectivity.

The transport project, managed by MetroLink Victoria, includes the addition of two high-frequency express services during peak hours and platform improvements that will bring step-free access to Heyington’s heritage-listed station. Neighbours cite improved commutes and safer school runs to St. Kevin’s College as real-world benefits, with traders along Toorak Road seeing a modest uptick in foot traffic even before the works begin.

Market Reaction and Investment Appeal

According to Landdata Victoria, the median house price for Toorak in the June 2026 quarter sits at $4.03 million, representing a 5.2% rise year-on-year. Though central Toorak still claims the highest price per square metre-Evelyn Street and Irving Road remain the suburb’s most expensive addresses-it’s the less-glamorous fringe near Heyington that has seen the sharpest growth rate since the rail project announcement in January 2026. Local property records indicate that three-bedroom houses along Grange Road now trade above $3.2 million, up from $2.7 million in early 2025.

The City of Stonnington’s new Planning Scheme Amendment, released in May, also gives a green light for medium-density townhome projects within 400 metres of Heyington Station, provided they preserve the established leafy streetscape. Multiple developers have filed planning applications for dual occupancy builds on Glenbervie Street and adjacent Ailsa Avenue. Meanwhile, the launch of the Toorak Smart Precinct (TSP) initiative by the Toorak Village Traders Association promises further digital upgrades to local shopfronts and streetscapes through 2027.

What Next: Outlook and Practical Steps for Buyers

Local agents report heightened interest from both domestic and expatriate buyers, especially those seeking entry before new supply comes to market next year. Buyers aiming for capital growth are being advised to prioritise properties within walking distance of Heyington Station and the new cycling corridor, as future resale premiums are expected to concentrate in these micro-locations. Prospective investors should also watch for pre-release project marketing on townhomes between Osborne Court and Hopetoun Road as planning approvals progress.

With construction work kicking off in August and first stage rail upgrades slated for completion by April 2027, Toorak’s north-eastern corridor seems positioned to offer not just connectivity enhancements but a likely surge in property values and rental demand. Market watchers recommend registering early interest with local agents or via the MetroLink Victoria project portal, as off-market deals gather momentum well ahead of the official opening dates.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.