Torquay, 4655 ranked 131th in QLD when comparing growth in median property values or capital gain over the last 12 months. Torquay is one of 2415 in our list for QLD
Taking the average capital gain, or increase in median house value, Torquay,4655 has racked up an average of 10.00% over the period. This ranks it number 2934th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Torquay is giving property investors an average Vendor Discount of around -7.02%. This puts suburb at number 338th in QLD when ranking the most discounted suburbs.
At number 2875 in a list of fastest selling suburbs, Torquay is in the bottom 30% of suburbs in Australia with an average of days on market 107.69 for properties listed there.
Property investors who have had real estate in Torquay, 4655 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.14%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Torquay has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -5.79. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in QLD
A $285 per week rent on the median house gives suburb investors a gross yield of circa 6.02%, without taking into account capital value appreciation, which has been averaging out at -2.48%.