Suburb Profile Report for Torquay QLD (4655)

Torquay House: Median price $330,000, Annual capital growth 1.46%, Number of sales 111, Weekly median advertised rent $310

Torquay Unit: Median price $247,000, Annual capital growth -2.58%, Number of sales 49, Weekly median advertised rent $278

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.91% for the last 12 months, Torquay, 4655 has performed for property investments than its average annual 1.46% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Torquay comes in at number 583th in QLD.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Torquay, 4655. Typically our figures indicate that -7.39% is being offered, which puts this QLD suburb at 1072th most discounted overall in Australia.

Giving property investors a a solid capital gain of 17.06% for the last year, Torquay, 4655 is the 162th highest performer in Australia in this respect.

Over the longer term, Torquay has seen property prices show investors a 14.88% return over the last 3 years. This is an improvement over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Torquay itself are offering an average vendor discount of -10.37% to real estate investors.

A $277.5 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at -2.58%.

HOUSE UNIT
$330,000 $247,000
0.00% 6.70%
8.91% 17.06%
1.46% -2.58%
$310 $278
111 49
4.88% 5.84%
105.44 132.87

Source: CoreLogic

DSR Score for property investment : Balanced (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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