The suburb’s capital gain of -7.81% for the past year is lower than average compared to its 26.82% growth within a five-year period.
Also in TORRENS, the median home price is sitting at $678,500, and the average rent at $525, this suggests property owners could potentially earn a 4.02% increase in gross rental yield.
Property investors have seen a 0.22% 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 5.51% growth over a ten-year period. It ranks 1376th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-7.81%||N/A|
|Median 3 years||19.04%||N/A|
|Median 5 years||26.82%||N/A|
|10 years average annual||5.51%||N/A|
|Weekly media advert. rent||$525||N/A|
|Time on Market||94.6 days||N/A|
|Gross Rental Yield Percent||4.02%||N/A|