The suburb’s capital gain of -7.43% for the past year is lower than average compared to its 25.85% growth within a five-year period.
Also in TORRENS, the median home price is sitting at $667,000, and the average rent at $520, this suggests property owners could potentially earn a 4.05% increase in gross rental yield.
Property investors have seen a -1.69% drop in TORRENS based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.62% growth over a ten-year period. It ranks 2284th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-7.43%||N/A|
|Median 3 years||5.87%||N/A|
|Median 5 years||25.85%||N/A|
|10 years average annual||3.62%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||73.8 days||N/A|
|Gross Rental Yield Percent||4.05%||N/A|