Suburb Profile Report for Torrens Park SA (5062)

Torrens Park House: Median price $737,500, Annual capital growth 3.88%, Number of sales 48, Weekly median advertised rent $450

Torrens Park Unit: Median price $362,500, Annual capital growth 4.34%, Number of sales 15, Weekly median advertised rent $293

  • 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 -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%

Metrics i HOUSE UNIT
$737,500 $362,500
0.00% 3.57%
-8.73% 9.85%
3.88% 4.34%
$450 $293
48 15
3.17% 4.20%
83.66 71.69

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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Recent sales & rentals