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%