If you compare the increase in value of investment property in Torrensville, 5031 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.78%.
Torrensville,5031 has offered an average of 2.78% 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 Torrensville is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 357th in terms of most discounted suburbs in SA
Residents and property investors in Torrensville have been waiting around 46.26 days to sell a property.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.01%, investors should hope to achieve an overall return of 3.68%
At number 631th in the list of Australian suburbs ordered by increase in median house value over the last year, Torrensville, 5031 is in the top 40% with a property value increase of 7.59% recorded in median house prices.
Comparing Torrensville,5031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Torrensville, 5031. Typically our figures indicate that -8.79% is being offered, which puts this SA suburb at 132th most discounted overall in Australia.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.