Suburb Profile Report for Torrensville SA (5031)

Torrensville House: Median price $552,000, Annual capital growth 4.66%, Number of sales 61, Weekly median advertised rent $393

Torrensville Unit: Median price $395,000, Annual capital growth 3.98%, Number of sales 17, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$552,000 $395,000
-2.30% 9.72%
2.70% -0.13%
4.66% 3.98%
$393 $325
61 17
3.70% 4.28%
50.21 62.7

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3866
Median household income ($/weekly) 1070
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 362 9.4
    20-24 years 398 10.3
    25-34 years 610 15.8
    35-44 years 619 16.0
    45-54 years 559 14.5
    Others 1318 34.1
    Age Group
    Census Count Percent(%)
    Not Married 1578 50.9
    Registered Married 1243 40.1
    Defacto Relationship 277 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2450 66.3
    Hong Kong 258 7.0
    Indonesia 121 3.3
    Japan 175 4.7
    Other 180 4.9
    Others 514 13.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 2.3
    Christianity 2228 62.9
    Hinduism 85 2.4
    Islam 100 2.8
    No Religion 992 28.0
    Others 57 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 9.5
    $400-$599 170 11.8
    $600-$799 128 8.9
    $1,000-$1,249 149 10.3
    $1,500-$1,999 185 12.8
    Others 676 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1161 36.7
    Employed, worked full-time 1133 35.8
    Employed, worked part-time 643 20.3
    Unemployed, looking for work 117 3.7
    Employed, away from work 112 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 10.6
    Professionals 490 25.9
    Technicians & trades workers 261 13.8
    Community & personal service workers 189 10.0
    Clerical & administrative workers 277 14.7
    Others 472 25.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 257 28.3
    Secondary 183 20.1
    Technical or Further Educational Institution 101 11.1
    University or other Tertiary Institutions 304 33.4
    Other type of educational institution 33 3.6
    Others 31 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3012 81.4
    Semi-detached, row or terrace house, townhouse 372 10.1
    Flat, unit or apartment 314 8.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 556 36.1
    Fully owned 537 34.8
    Being purchased 443 28.7
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals