With a capital gain of 5.84% for the last 12 months, Torquay, 4655 has performed for property investments than its average annual 0.92% property growth over the last 5 years.
The five-year average increase in median property values for Torquay,4655 has given property investors a potential capital gain of 9.21% across each of those five years.
Vendor discounting in Torquay is giving property investors an average Vendor Discount of around -7.26%. This puts suburb at number 339th in QLD when ranking the most discounted suburbs.
At number 2813 in a list of fastest selling suburbs, Torquay is in the bottom 30% of suburbs in Australia with an average of days on market 105.98 for properties listed there.
Property investors who have had real estate in Torquay, 4655 should be relatively 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 8.30%
Torquay,4655 was ranked 1532 in Australia by increase in median property value over the quarter.
At number 20th of QLD’s most discounted properties, Torquay is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Torquay have been waiting around 112.66 days to sell a property.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of -1.95%, investors should hope to achieve an overall return of 6.40%