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