Suburb Profile Report for Torquay QLD (4655)

Torquay House: Median price $320,000, Annual capital growth 0.37%, Number of sales 100, Weekly median advertised rent $320

Torquay Unit: Median price $232,000, Annual capital growth -0.70%, Number of sales 63, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$320,000 $232,000
-1.54% 1.53%
-3.03% -10.25%
0.37% -0.70%
$320 $290
100 63
5.20% 6.50%
119.35 107

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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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