Property value increases in Torquay have tracked close to the VIC average of 9.04% over the last 12 months.
A 22.95% growth in median value for property investors in Torquay,3228 puts this suburb at number 374th in terms of best performing suburbs in VIC
At number 552th of VIC’s most discounted properties, Torquay is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $472.5 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Torquay, 3228 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.13%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Torquay has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -2.36% to buyers in Torquay at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.