Suburb Profile Report for Torrens Park SA (5062)

Torrens Park House: Median price $745,000, Annual capital growth 2.48%, Number of sales 51, Weekly median advertised rent $475

Torrens Park Unit: Median price $278,000, Annual capital growth 0.23%, Number of sales 16, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Torrens Park has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.61% to date .

The five-year average increase in median property values for Torrens Park,5062 has given property investors a potential capital gain of 19.20% across each of those five years.

Property buyers and investors in Torrens Park 5062 should be seeing an average reduction in asking price of around -6.81% . This means that Torrens Park is holding prices well when compared to other suburbs in SA.

On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.

Advertised rents are around the $475 mark per week – giving a return of 3.32% based on the median price in Suburb

Over the last year, property investments in Torrens Park, 5062 have given investors a capital gain of -26.84%. This compares very badly with the 3.61% for SA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Torrens Park comes in at number 170th in SA.

At number 75th of SA’s most discounted properties, Torrens Park is in the middle of the state/territory when listing in order of most discounted to least.

Torrens Park, 5062’s gross rental yield is 5.52%

Metrics i HOUSE UNIT
$745,000 $278,000
4.93% -26.65%
-2.61% -26.84%
2.48% 0.23%
$475 $295
51 16
3.32% 5.52%
98.51 74.92

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Torrens Park SA
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
Chart Table
Recent sales & rentals