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Torrensville
AREA REPORTS

Torrensville

Torrensville - SUBURB PROFILE REPORT
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 3.29% growth over a ten-year period. It ranks 2070th 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 7.04% for the past year, which is higher than average compared to its 18.82% growth within a five-year period.

With the median home price in TORRENSVILLE sitting at $653,500, and the average rent at $450, property owners could potentially earn a 3.58% 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.

Data report can be found below

Torrensville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $653,500 $350,000
GROWTH REPORT
Median Quarterly 7.13% -15.15%
Median 12 month 7.04% -20.45%
Median 3 years 13.16% 2.41%
Median 5 years 18.82% 6.71%
10 years average annual 3.29% 3.84%
Weekly media advert. rent $450 $370
Time on Market 55.7 days 68.0 days
Gross Rental Yield Percent 3.58% 5.5%
demographics (median values)*
Total Population
9933
Weekly Household Income
1279
Household Size
2.30
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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