Suburb Profile Report for Torrens Park SA (5062)

Torrens Park House: Median price $761,000, Annual capital growth 4.58%, Number of sales 42, Weekly median advertised rent $450

Torrens Park Unit: Median price $375,000, Annual capital growth 4.67%, Number of sales 13, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Torrens Park, 5062 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.75%

A -1.81% growth in median value for property investors in Torrens Park,5062 puts this suburb at number 278th in terms of best performing suburbs in SA

Torrens Park5062 is located in SA which offers an average discount of -6.54% to property investors. Torrens Park itself is showing figures that indicate -6.83% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Torrens Park have been waiting around 85.15 days to sell a property.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 4.58%, investors should hope to achieve an overall return of 3.07%

With a capital gain of 3.38% for the last 12 months, Torrens Park, 5062 has performed for property investments than its average annual 4.67% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Torrens Park comes in at number 58th in SA.

LACK OF BUYER INTEREST may well be the reason that Torrens Park is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in SA

At number 375 in a list of fastest selling suburbs, Torrens Park is in the TOP 30% of suburbs in Australia with an average of days on market 56.91 for properties listed there.

Advertised rents are around the $285 mark per week – giving a return of 3.95% based on the median price in Suburb

HOUSE UNIT
$761,000 $375,000
-0.26% 10.29%
-0.75% 3.38%
4.58% 4.67%
$450 $285
42 13
3.07% 3.95%
85.15 56.91

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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