Torquay

POSTAL CODE: VIC, 3228

HOUSE

UNIT

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.

Property investors have seen a 1.15% gain in TORQUAY based on an increase in median home prices for the past three months.

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 $795,000.

Profits due to an downward trend in home prices in TORQUAY, 3228 averaged -4.29% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

The gross rental yield in TORQUAY, 3228 is 4.25%.

An average of 4.92 real estate transactions take place per month in TORQUAY which translates to 59 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,210,000	$795,000
Growth Report
Median Quarterly	0.83%	1.15%
Median 12 month	0.62%	-6.25%
Median 3 years	-10.37%	-12.88%
Median 5 years	36.26%	24.71%
10 years average annual	7.54%	6.31%
Weekly media advert. rent	$733	$650
Time on Market	82.1 days	93.9 days
Gross Rental Yield Percent	3.15%	4.25%

Demographics (Median Values)*

Total Population 17939

Weekly Household Income 1763

Household Size 2.70

Average Age 39

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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