Mortgage delinquency rates to continue rising in 2021
Australian mortgage delinquency rates will continue to increase over the next year due to the ongoing economic fallout from the COVID-19 out...
TORQUAY, 4655 ranks 2540th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.21% 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 $334,000.
The upward trend in home prices in TORQUAY, 4655 averaged 1.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $345 mark, reflecting a 5.37% increase in returns based on the current median price in TORQUAY.
An average of 8.75 real estate transactions take place per month in TORQUAY which translates to 105 per annum.
105 properties were sold in TORQUAY in 2016, making it the 900th most active market in QLD based on total real estate transactions.
TORQUAY, 4655 places 168th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $334,000 | $275,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.38% | 13.4% |
| Median 12 month | 1.21% | 19.57% |
| Median 3 years | 4.05% | 22.77% |
| Median 5 years | 11.33% | 29.72% |
| 10 years average annual | 0.59% | 1.55% |
| Weekly media advert. rent | $345 | $300 |
| Time on Market | 76.5 days | 130.4 days |
| Gross Rental Yield Percent | 5.37% | 5.67% |
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