Property investors enjoyed capital gains of 7.61% over the last 12 months in TORQUAY, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in TORQUAY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 24.31% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $485 based on current median home prices for the suburb.
On average, rents on listings have reached the $485 mark, reflecting a 3.5% increase in returns based on the current median price in TORQUAY.
TORQUAY, 3228 ranks 496th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 271st on the list of best yielding suburbs for rental properties in VIC, posting a 3.5% return.
Property investors have seen a 0.47% gain in TORQUAY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on TORQUAY, 3228 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.36%.
Based on its average 5-year and quarterly capital gains TORQUAY, 3228 saw average growth in the long term.
TORQUAY, 3228 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 $537,500.
Profits due to an upward trend in home prices in TORQUAY, 3228 averaged 5.7% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $392.5 based on current median home prices for the suburb.
The gross rental yield in TORQUAY, 3228 is 3.8%.
An average of 5.42 real estate transactions take place per month in TORQUAY which translates to 65 per annum.
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