Investment property in Torrensville has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.33%
Over the longer term, Torrensville has seen property prices show investors a 15.66% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Torrensville should be aiming for at least -4.01% off the asking price, which is the average vendor discount being achieved at the moment.
The SA suburb of Torrensville, 5031 is in the West Torrens local government area.
SA has seen average median house prices change by 3.97% which means that Torrensville, 5031 has done well for property investors by showing a capital gain of 20.69% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Torrensville comes in at number 94th in SA.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 3.71%, without taking into account capital value appreciation, which has been averaging out at 5.00%.