‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
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 4.09% growth over a ten-year period. It ranks 1942nd on our list of suburbs that property investors should look into.
TORRENSVILLE, 5031 in SA belongs to the local government area of West Torrens (C).
TORRENSVILLE, 5031 has a capital gain of 14.03% for the past year, which is higher than average compared to its 24.02% growth within a five-year period.
With the median home price in TORRENSVILLE sitting at $630,000, and the average rent at $435, property owners could potentially earn a 3.59% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TORRENSVILLE are high, as opposed to average gains per annum over the past five years.
A 14.03% increase in median property prices in TORRENSVILLE, 5031 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 40th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.88% | N/A |
| Median 12 month | 14.03% | N/A |
| Median 3 years | 14.13% | N/A |
| Median 5 years | 24.02% | N/A |
| 10 years average annual | 4.09% | N/A |
| Weekly media advert. rent | $435 | N/A |
| Time on Market | 37.8 days | N/A |
| Gross Rental Yield Percent | 3.59% | N/A |
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