TORRENS ranks 38th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 6.25% for the past year is higher than average compared to its 25.65% growth within a five-year period.
Also in TORRENS, the median home price is sitting at $722,500, and the average rent at $550, this suggests property owners could potentially earn a 3.96% increase in gross rental yield.
Property investors have seen a 6.41% 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 3.53% growth over a ten-year period. It ranks 2186th on our list of suburbs that property investors should look into.