At number 2399th in the list of Australian suburbs ordered by increase in median house value over the last year, Torrensville, 5031 is in the BOTTOM 50% with a property value increase of 2.70% recorded in median house prices.
Torrensville,5031 has offered an average of 2.70% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Torrensville is giving property investors an average Vendor Discount of around -2.71%. This puts suburb at number 383th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $392.5 and the average annual increase in value of a median property of 4.66%, investors should hope to achieve an overall return of 3.70%
Over the last year, property investments in Torrensville, 5031 have given investors a capital gain of -0.13%. This compares badly with the 4.27% for SA as a whole.
Comparing Torrensville,5031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.55% to buyers in Torrensville at the moment, which is less than average for the rest of SA.