Suburb Profile Report for Torquay QLD (4655)

Torquay House: Median price $330,000, Annual capital growth 1.37%, Number of sales 116, Weekly median advertised rent $313

Torquay Unit: Median price $246,000, Annual capital growth -2.48%, Number of sales 48, Weekly median advertised rent $285

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$330,000 $246,000
1.38% 10.31%
10.00% 17.14%
1.37% -2.48%
$313 $285
116 48
4.92% 6.02%
107.69 152.92

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 6025
Median household income ($/weekly) 678
Median age of persons 48
Median housing loan repayment ($/monthly) 1460
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 733 12.2
    35-44 years 618 10.3
    45-54 years 797 13.2
    55-64 years 900 14.9
    65-74 years 814 13.5
    Others 2163 35.9
    Age Group
    Census Count Percent(%)
    Not Married 2015 45.9
    Registered Married 1960 44.7
    Defacto Relationship 413 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4723 82.1
    Greece 49 0.9
    Papua New Guinea 212 3.7
    United Kingdom 433 7.5
    Other 84 1.5
    Others 250 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.8
    Christianity 3958 72.7
    Islam 8 0.1
    Other Religious Groups 47 0.9
    No Religion 1385 25.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 319 14.1
    $400-$599 465 20.6
    $600-$799 349 15.4
    $800-$999 241 10.7
    $1,000-$1,249 166 7.3
    Others 719 31.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2500 53.9
    Employed, worked full-time 1045 22.5
    Employed, worked part-time 693 14.9
    Unemployed, looking for work 295 6.4
    Employed, away from work 108 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 279 15.1
    Technicians & trades workers 285 15.4
    Community & personal service workers 273 14.8
    Sales 233 12.6
    Labourers 236 12.8
    Others 539 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 44 4.0
    Infants/Primary 485 44.3
    Secondary 339 30.9
    Technical or Further Educational Institution 85 7.8
    University or other Tertiary Institutions 110 10.0
    Others 33 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4365 78.5
    Semi-detached, row or terrace house, townhouse 481 8.6
    Flat, unit or apartment 473 8.5
    Caravan, cabin, houseboat 227 4.1
    House or flat attached to a shop, office 14 0.3
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1080 43.8
    Fully owned 852 34.5
    Being purchased 449 18.2
    Other tenure type 87 3.5
    Tenure Type
Census 2011, ABS
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