Torrensville

POSTAL CODE: SA, 5031

HOUSE

UNIT

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 6.96% growth over a ten-year period. It ranks 1960th 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 1.44% for the past year, which is lower than average compared to its 70.16% growth within a five-year period.

With the median home price in TORRENSVILLE sitting at $1,055,000, and the average rent at $650, property owners could potentially earn a 3.2% 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.

Homeowners and real estate investors betting on TORRENSVILLE, 5031 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 39.5%.

A steady increase in median property prices over a five-year period in TORRENSVILLE, 5031 translates to a 43.1% capital gain.

Property investors enjoyed capital gains of 39.5% over the last 12 months in TORRENSVILLE, translating to lower returns compared with its peers in SA.

TORRENSVILLE, 5031 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $830,000.

Profits due to an upward trend in home prices in TORRENSVILLE, 5031 averaged 14.37% per annum over a 3-year period.

Home owners selling their properties and realtors in TORRENSVILLE usually have to wait an average of 36.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $550 mark, reflecting a 3.45% increase in returns based on the current median price in TORRENSVILLE.

TORRENSVILLE, 5031 places 35th in Australia based on median property value growth during the quarter.

Surburb overview

Torrensville, located just 3 kilometres west of Adelaide’s central business district, is a vibrant and diverse inner-western suburb within the City of West Torrens. Known for its multicultural atmosphere, Torrensville is a blend of old and new, offering historic character homes, modern developments, and a thriving community. The suburb attracts a mix of professionals, young families, and students, drawn by its proximity to the city, lively dining scene, and easy access to essential amenities. With a population of around 4,000 people, Torrensville offers a dynamic, urban lifestyle in a convenient location.

Public transportation in Torrensville is excellent, with regular bus services along Henley Beach Road and nearby Port Road connecting the suburb to Adelaide’s CBD and surrounding areas. For those who prefer driving, Torrensville is well-connected by major roads, allowing for quick access to the city, Adelaide Airport, and nearby suburbs.

Torrensville offers a wide range of essential services and amenities. The suburb’s main shopping and dining strip is located along Henley Beach Road, where residents can find a variety of supermarkets, retail stores, cafes, and restaurants. Torrensville is known for its multicultural dining scene, with numerous eateries offering Greek, Italian, Middle Eastern, and Asian cuisine. Healthcare services are readily available, with local medical clinics and the Royal Adelaide Hospital just a short drive away in North Terrace.

Recreational opportunities in Torrensville are plentiful. The suburb is close to several parks and reserves, including Kings Reserve and Weigall Oval, providing green spaces for outdoor activities, sports, and family outings. The nearby Linear Park along the River Torrens offers scenic walking and cycling trails that connect Torrensville to the city’s parklands and surrounding suburbs, making it a popular spot for fitness enthusiasts. Thebarton Theatre, an iconic entertainment venue located just a short walk away, hosts concerts, performances, and events, adding to the suburb’s cultural appeal.

Torrensville’s mix of heritage homes and contemporary developments reflects its historical roots and modern growth. Many of the suburb’s charming bungalows and cottages have been restored, giving the area a characterful yet fresh appearance. The suburb’s proximity to cultural attractions like the Adelaide Entertainment Centre and the vibrant Hindmarsh precinct further enhances its appeal for residents seeking a lively urban lifestyle.

Families in Torrensville have access to several schools, including Torrensville Primary School and nearby Underdale High School, making it a convenient suburb for those with children. The strong sense of community and family-oriented environment are notable features of the area.

With its blend of cultural diversity, excellent amenities, and close proximity to the city, Torrensville offers a vibrant and convenient lifestyle for its residents. The suburb’s dynamic atmosphere, historic charm, and modern conveniences make it a popular choice for those seeking an urban lifestyle in Adelaide’s inner-western suburbs.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,055,000	$830,000
Growth Report
Median Quarterly	-2.31%	7.1%
Median 12 month	1.44%	39.5%
Median 3 years	16.57%	43.1%
Median 5 years	70.16%	100%
10 years average annual	6.96%	14.84%
Weekly media advert. rent	$650	$550
Time on Market	47.7 days	36.7 days
Gross Rental Yield Percent	3.2%	3.45%

Demographics (Median Values)*

Total Population 9933

Weekly Household Income 1279

Household Size 2.30

Average Age 36

Monthly Loan Repayment 1733

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

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