Property investors who have had real estate in Torquay, 4655 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.03%
Torquay,4655 has offered an average of -3.03% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 355th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
Advertised rents are around the $320 mark per week – giving a return of 5.20% based on the median price in Suburb
Investment property in Torquay has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.25%
Torquay,4655 was ranked 707 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Torquay are currently offering property investors an average price cut of -6.46% below the asking price at the moment.
With the median price for a house in Torquay being $232000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.50%