Based on its average 5-year and quarterly capital gains TORRENSVILLE, 5031 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that TORRENSVILLE, 5031 obtained a 4.25% growth over a ten-year period. It ranks 1815th on our list of suburbs that property investors should look into.
TORRENSVILLE, 5031 in SA belongs to the local government area of West Torrens.
TORRENSVILLE, 5031 has a capital gain of 1.34% for the past year, which is lower than average compared to its 15.82% growth within a five-year period.
With the median home price in TORRENSVILLE sitting at $567,500, and the average rent at $415, property owners could potentially earn a 3.8% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TORRENSVILLE are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in TORRENSVILLE, 5031 translates to a -0.25% capital gain.
TORRENSVILLE, 5031 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 $405,000.
Profits due to an downward trend in home prices in TORRENSVILLE, 5031 averaged -0.08% per annum over a 3-year period.
Home owners selling their properties and realtors in TORRENSVILLE usually have to wait an average of 49.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $305 mark, reflecting a 3.92% increase in returns based on the current median price in TORRENSVILLE.
TORRENSVILLE, 5031 places 6th in Australia based on median property value growth during the quarter.