Torquay

POSTAL CODE: QLD, 4655

HOUSE

UNIT

TORQUAY, 4655 ranks 1330th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.62% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $745,000.

The upward trend in home prices in TORQUAY, 4655 averaged 11.41% per annum over a 3-year period.

Average weekly rents on listings have reached the $597.5 mark, reflecting a 4.17% increase in returns based on the current median price in TORQUAY.

An average of 9.08 real estate transactions take place per month in TORQUAY which translates to 109 per annum.

109 properties were sold in TORQUAY in 2016, making it the 997th most active market in QLD based on total real estate transactions.

TORQUAY, 4655 places 506th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $590,000.

Average median unit prices in QLD have risen as a whole, pulling TORQUAY, 4655 values up and netting property investors a capital gain of 26.88% for the past year.

Investors saw the median home price rise to $590,000.

The upward trend in home prices in TORQUAY, 4655 averaged 16.46% per annum over a 3-year period.

TORQUAY now ranks at the 377th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in TORQUAY are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In TORQUAY, homes and units usually stay on listing for an average of 44.4 days.

61 properties were sold in TORQUAY in 2016, making it the 63rd most active market in QLD based on total real estate transactions.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$745,000	$590,000
Growth Report
Median Quarterly	3.83%	-1.67%
Median 12 month	14.62%	26.88%
Median 3 years	34.23%	49.37%
Median 5 years	97.74%	119.53%
10 years average annual	9.42%	10.84%
Weekly media advert. rent	$598	$500
Time on Market	48.7 days	44.4 days
Gross Rental Yield Percent	4.17%	4.41%

Demographics (Median Values)*

Total Population 5695

Weekly Household Income 604.6

Household Size 2.20

Average Age 46

Monthly Loan Repayment 1075

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type

.module-ajax-wrapper-js-only-732 { display: none !important; }