With a capital gain of 3.40% for the last 12 months, Torrens Park, 5062 has performed for property investments than its average annual 4.11% property growth over the last 5 years.
A 1.33% growth in median value for property investors in Torrens Park,5062 puts this suburb at number 406th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Torrens Park are currently offering property investors an average price cut of -8.48% below the asking price at the moment.
Residents and property investors in Torrens Park have been waiting around 101.16 days to sell a property.
Situated 6.76km from the CBD, Torrens Park is one of Mitcham localities in the postcode 5062.
Over the last year, property investments in Torrens Park, 5062 have given investors a capital gain of 3.38%. This compares averagely with the 4.28% for SA as a whole.
Torrens Park,5062 has offered an average of 3.38% return per annum in house price rises to property investors over the last three years.
Torrens Park5062 is located in SA which offers an average discount of -6.06% to property investors. Torrens Park itself is showing figures that indicate -4.85% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Advertised rents are around the $290 mark per week – giving a return of 4.02% based on the median price in Suburb