If you compare the increase in value of investment property in Torquay, 4655 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.50%.
Across a shorter period, Torquay, 4655 has seen a median price increase of -0.61% over the last quarter.
Our latest figures would indicate that property sellers in Torquay are currently offering property investors an average price cut of -7.45% below the asking price at the moment.
In the last year 114 properties changed hands in Torquay, which puts it as the 204th most active market in QLD when comparing the number of sales per suburb.
Giving property investors a an average capital gain of 2.69% for the last year, Torquay, 4655 is the 874th highest performer in Australia in this respect.
Over the longer term, Torquay has seen property prices show investors a 0.69% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 31th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
The QLD suburb of Torquay, 4655 is in the Fraser Coast local government area.