SA has seen average median house prices change by 3.04% which means that Torrens Park, 5062 has done well for property investors by showing a capital gain of -3.46% over the last year
Comparing Torrens Park,5062 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Torrens Park is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 275th in terms of most discounted suburbs in SA
At number 1712 in a list of fastest selling suburbs, Torrens Park is just in the top half of suburbs in Australia with an average of days on market 77.13 for properties listed there.
Situated 6.70km from the CBD, Torrens Park is one of Mitcham localities in the postcode 5062.
With a capital gain of 6.62% for the last 12 months, Torrens Park, 5062 has performed for property investments than its average annual 4.09% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Torrens Park has given property investors a paper return of 3.57%. This puts Suburb as 50 on a list of fastest fasting appreciating suburbs in SA
At number 57th of SA’s most discounted properties, Torrens Park is in the bottom 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Torrens Park is 158th on a list of best yielding suburbs for rents in SA with a 4.09% return