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AREA REPORTS

Torquay

Suburb Profile

Torquay - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3228

house
unit

Property investors enjoyed capital gains of 0.61% 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 20.29% 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 $530 based on current median home prices for the suburb.

On average, rents on listings have reached the $530 mark, reflecting a 3.32% increase in returns based on the current median price in TORQUAY.

TORQUAY, 3228 ranks 396th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 348th on the list of best yielding suburbs for rental properties in VIC, posting a 3.32% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $830,000 $604,999
GROWTH REPORT
Median Quarterly 1.22% 2.54%
Median 12 month 0.61% 5.95%
Median 3 years 20.29% 18.45%
Median 5 years 43.1% 31.52%
10 years average annual 5.76% 3.52%
Weekly media advert. rent $530 $450
Time on Market 83.8 days 74.6 days
Gross Rental Yield Percent 3.32% 3.87%
demographics (median values)
Total Population
6697
Weekly Household Income
1091
Household Size
2.60
demographics
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