Torquay

POSTAL CODE: QLD, 4655

HOUSE

UNIT

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 $767,500.

The upward trend in home prices in TORQUAY, 4655 averaged 10.4% per annum over a 3-year period.

Average weekly rents on listings have reached the $590 mark, reflecting a 4% increase in returns based on the current median price in TORQUAY.

An average of 9 real estate transactions take place per month in TORQUAY which translates to 108 per annum.

108 properties were sold in TORQUAY in 2016, making it the 977th most active market in QLD based on total real estate transactions.

TORQUAY, 4655 places 537th 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 6.31% for the past year.

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

The upward trend in home prices in TORQUAY, 4655 averaged 15.23% per annum over a 3-year period.

TORQUAY now ranks at the 365th 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 46.3 days.

61 properties were sold in TORQUAY in 2016, making it the 65th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$767,500	$590,000
Growth Report
Median Quarterly	1.66%	-2.88%
Median 12 month	13.7%	6.31%
Median 3 years	31.2%	45.68%
Median 5 years	82.3%	107.93%
10 years average annual	9.29%	8.84%
Weekly media advert. rent	$590	$500
Time on Market	43.5 days	46.3 days
Gross Rental Yield Percent	4%	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.

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