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Torquay

POSTAL CODE: VIC, 3228
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Property investors enjoyed capital gains of 0.62% 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.

This number can mean, real estate investors could earn a rental income of $732.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $732.5 mark, reflecting a 3.15% increase in returns based on the current median price in TORQUAY.

TORQUAY, 3228 ranks 484th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 409th on the list of best yielding suburbs for rental properties in VIC, posting a 3.15% return.

Surburb overview

Torquay is a coastal town in Victoria, located approximately 100 kilometres south-west of Melbourne’s central business district and about 20 kilometres south of Geelong. It marks the eastern gateway to the Great Ocean Road and sits within the Surf Coast Shire local government area. The suburb is positioned along Bass Strait and is widely associated with surfing culture and coastal tourism.

Torquay has a population of more than 18,000 residents, with steady growth driven by its appeal as both a residential area and a holiday destination. The demographic profile includes families, professionals and retirees, with a median age close to the national average. Housing consists predominantly of detached dwellings, with a mix of established homes and newer estates, as well as some medium-density developments in central areas.

Public transport includes bus services linking Torquay to Geelong, with regional rail connections to Melbourne. Private vehicles are the primary mode of transport, particularly for commuting to Geelong and surrounding employment centres.

Local amenities are well established, with multiple primary and secondary schools, shopping centres, medical facilities and community services. Retail and commercial activity is concentrated around the town centre and growing residential precincts, supporting day-to-day needs.

Recreational opportunities are a defining feature of Torquay, with beaches such as Bells Beach and Torquay Front Beach supporting surfing, swimming and coastal activities. Walking and cycling tracks extend along the coastline and inland reserves, while sporting facilities, including golf courses and recreation grounds, provide additional options.

The local economy is influenced by tourism, retail and surf-related industries, with several major surfwear brands having historical ties to the area. Land use planning balances ongoing residential growth with the preservation of coastal landscapes and environmental assets.

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