Torrens Park has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -8.73% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Torrens Park has increased when compared to the 5 year average annual rate.
The most recent median price for Torrens Park is $737500, with sellers offering an average of -4.42% off the asking price.
Torrens Park is 345th on a list of best yielding suburbs for rents in SA with a 3.17% return
Torrens Park is in the TOP 30% in SA when comparing median price capital growth over the last year. Torrens Park gave property investors a good capital gain figure when compared to the rest of the state, with 9.85%.
A 0.28% growth in median value for property investors in Torrens Park,5062 puts this suburb at number 60th in terms of best performing suburbs in SA
Property buyers and investors in Torrens Park 5062 should be seeing an average reduction in asking price of around -5.97% . This means that Torrens Park is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $292.5 and the average annual increase in value of a median property of 4.34%, investors should hope to achieve an overall return of 4.20%