Powered by MOMENTUM MEDIA
AREA REPORTS

Torrens

Suburb Profile

Torrens - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2607

house
TORRENS ranks 30th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 12.95% for the past year is higher than average compared to its 35.95% 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 $841,500, and the average rent at $590, this suggests property owners could potentially earn a 3.65% increase in gross rental yield.

Property investors have seen a 11.46% gain in TORRENS based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on TORRENS, 2607 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 12.95%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.22% growth over a ten-year period. It ranks 1883rd on our list of suburbs that property investors should look into.

Surburb overview

Torrens lies on the foothills of the Mount Taylor Nature Reserve and is surrounded by the suburbs of Mawson and Farrer. Its namesake, Sir Robert Richard Torrens, was the third Premier of South Australia. The suburb features a retail hub, a primary school, and a community oval.

Torrens is a lovely neighbourhood that exudes a country vibe, thanks to Mount Taylor providing the suburb a beautiful backdrop. Among the suburbs offering access points to its hiking trails, only Torrens has the most expansive panoramic view of the mountain. This explains why bushwalking is a popular pastime in the suburb — who could resist the views from the lookout?

Purchasing a property in Torrens

Torrens is still among the most affordable suburbs in the Woden Valley district, for both property investors and first-home buyers. Buyers who would like to finance their purchase can easily apply for a home loan at banks in the suburb or they can also opt to enlist the help of a number of mortgage and finance advisers.

A huge chunk of dwelling spaces in Torrens are separate or detached homes, accounting for over 80 per cent of the residential structures. Townhouses share a narrow percentage of the dwelling spaces at an estimated 8 per cent, while apartment units or flats account for just 5 per cent. The majority of the private dwellings are three-bedroom homes.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $841,500 N/A
GROWTH REPORT
Median Quarterly 11.46% N/A
Median 12 month 12.95% N/A
Median 3 years 25.13% N/A
Median 5 years 35.95% N/A
10 years average annual 4.22% N/A
Weekly media advert. rent $590 N/A
Time on Market 65.1 days N/A
Gross Rental Yield Percent 3.65% N/A
demographics (median values)
Total Population
2264
Weekly Household Income
1496
Household Size
2.60
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Online shopping surge

Online shopping surge breathes new life into mundane commercial property

The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...

Darwin wins rental race in December quarter

Darwin wins rental race in December quarter

Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...

New home loan demand shatters records

New home loan demand shatters records

The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...

What you should know before hosting on Airbnb

What you should know before hosting on Airbnb

Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...

NT extends BuildBonus program

NT extends BuildBonus program after shovelling $220m into local economy

Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...

home sales topping

Victorians, Tasmanians ‘make up for lost time’ with home sales topping $840m

Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.