Suburb Profile Report for Torrens Park SA (5062)

Torrens Park House: Median price $710,000, Annual capital growth 3.71%, Number of sales 41, Weekly median advertised rent $460

Torrens Park Unit: Median price $379,000, Annual capital growth 4.99%, Number of sales 18, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3905th in the list of Australian suburbs ordered by increase in median house value over the last year, Torrens Park, 5062 is in the BOTTOM 10% with a property value increase of -10.04% recorded in median house prices.

Across a shorter period, Torrens Park, 5062 has seen a median price increase of -6.70% over the last quarter.

Torrens Park, 5062 is offering SA ‘s 195th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

Torrens Park is 328th on a list of best yielding suburbs for rents in SA with a 3.37% return

Property value increases in Torrens Park have tracked higher than the SA average of 3.99% over the last 12 months.

Across a shorter period, Torrens Park, 5062 has seen a median price increase of 4.55% over the last quarter.

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 Torrens Park, 5062. Typically our figures indicate that -5.73% is being offered, which puts this SA suburb at 534th most discounted overall in Australia.

Residents and property investors in Torrens Park have been waiting around 65 days to sell a property.

Metrics i HOUSE UNIT
$710,000 $379,000
-6.70% 4.55%
-10.04% 14.85%
3.71% 4.99%
$460 $295
41 18
3.37% 4.05%
78 65

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2558
Median household income ($/weekly) 1513
Median age of persons 40
Median housing loan repayment ($/monthly) 2149
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 277 10.8
    15-19 years 275 10.8
    35-44 years 262 10.2
    45-54 years 407 15.9
    55-64 years 371 14.5
    Others 966 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 933 48.8
    Not Married 830 43.4
    Defacto Relationship 149 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1942 78.6
    Indonesia 25 1.0
    Papua New Guinea 37 1.5
    United Kingdom 179 7.2
    Other 73 3.0
    Others 214 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 1.2
    Christianity 1464 62.4
    Hinduism 29 1.2
    Other Religious Groups 19 0.8
    No Religion 795 33.9
    Others 13 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 83 9.6
    $1,000-$1,249 74 8.5
    $1,500-$1,999 98 11.3
    $2,000-$2,499 84 9.7
    $2,500-$2,999 93 10.7
    Others 437 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 763 36.4
    Not in the labour force 751 35.9
    Employed, worked part-time 454 21.7
    Employed, away from work 66 3.2
    Unemployed, looking for work 60 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 215 16.8
    Professionals 474 37.1
    Community & personal service workers 118 9.2
    Clerical & administrative workers 170 13.3
    Sales 115 9.0
    Others 186 14.6
    Occupation
    Census Count Percent(%)
    Pre-school 32 4.3
    Infants/Primary 184 24.6
    Secondary 267 35.6
    Technical or Further Educational Institution 52 6.9
    University or other Tertiary Institutions 198 26.4
    Others 16 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1873 81.1
    Flat, unit or apartment 229 9.9
    Semi-detached, row or terrace house, townhouse 203 8.8
    Improvised home, tent, sleepers out 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 377 40.0
    Being purchased 354 37.5
    Rented 202 21.4
    Other tenure type 10 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals