Torrens Park has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -4.03% to date .
While Torrens Park,5062 ranked number 385th in SA for increase in median house value (annualised) increase, it is ranked 318th over the last 5 years.
Sellers are offering property buyers an average discount of -6.29% to buyers in Torrens Park at the moment, which is less than average for the rest of SA.
In the last year 43 properties changed hands in Torrens Park, which puts it as the 219th most active market in SA when comparing the number of sales per suburb.
Investment property in Torrens Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.48%
Taking the average capital gain, or increase in median house value, Torrens Park,5062 has racked up an average of 4.48% over the period. This ranks it number 1106th in the whole country for real estate investors looking at median house price increases.
At number 24th of SA’s most discounted properties, Torrens Park is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 815 in a list of fastest selling suburbs, Torrens Park is just in the bottom half of suburbs in Australia with an average of days on market 82 for properties listed there.
Advertised rents are around the $285 mark per week – giving a return of 4.23% based on the median price in Suburb