TORRENS ranks 52nd in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 7.35% for the past year is higher than average compared to its 23.21% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in TORRENS, the median home price is sitting at $730,000, and the average rent at $572.5, this suggests property owners could potentially earn a 4.08% increase in gross rental yield.
Property investors have seen a 1.39% gain in TORRENS based on an increase 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 2.88% growth over a ten-year period. It ranks 2508th on our list of suburbs that property investors should look into.
TORRENS, 2607 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $790,000.
Real estate investors could earn a rental income of $425 based on current median home prices for the suburb.
Home owners selling their properties and realtors in TORRENS usually have to wait an average of 0.0 days days before their assets are lifted off the market.
TORRENS ranks 69th on the list of best yielding suburbs for rental properties in ACT, posting a 2.8% return.
TORRENS, 2607 places 40th in Australia based on median property value growth during the quarter.