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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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TorquayTorquay - SUBURB PROFILE REPORT
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TORQUAY, 4655 ranks 980th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30.95% 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 $484,500.
The upward trend in home prices in TORQUAY, 4655 averaged 15.61% per annum over a 3-year period.
Average weekly rents on listings have reached the $405 mark, reflecting a 4.35% increase in returns based on the current median price in TORQUAY.
An average of 12.5 real estate transactions take place per month in TORQUAY which translates to 150 per annum.
150 properties were sold in TORQUAY in 2016, making it the 818th most active market in QLD based on total real estate transactions.
TORQUAY, 4655 places 135th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $484,500 | $302,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10.36% | 4.14% |
| Median 12 month | 30.95% | 24.79% |
| Median 3 years | 46.82% | 28.51% |
| Median 5 years | 49.08% | 30.45% |
| 10 years average annual | 5.67% | 2.88% |
| Weekly media advert. rent | $405 | $360 |
| Time on Market | 35.6 days | 52.2 days |
| Gross Rental Yield Percent | 4.35% | 6.2% |
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