Suburb Profile Report for Torquay QLD (4655)

Torquay House: Median price $325,000, Annual capital growth 0.94%, Number of sales 101, Weekly median advertised rent $320

Torquay Unit: Median price $218,500, Annual capital growth -1.97%, Number of sales 56, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Torquay have tracked just lower than the QLD average of 2.44% over the last 12 months.

Comparing Torquay,4655 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 361th in terms of most discounted suburbs in QLD

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 0.94%, investors should hope to achieve an overall return of 5.12%

Torquay has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -5.62% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Torquay comes in at number 299th in QLD.

Sellers are offering property buyers an average discount of -7.87% to buyers in Torquay at the moment, which is less than average for the rest of QLD.

Using the current median advertised rental of $290 and the average annual increase in value of a median property of -1.97%, investors should hope to achieve an overall return of 6.90%

Metrics i HOUSE UNIT
$325,000 $218,500
-0.91% -4.59%
-0.15% -5.62%
0.94% -1.97%
$320 $290
101 56
5.12% 6.90%
119.87 102.76

Source: CoreLogic

DSR Score for property investment : Above average (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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