Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $700,002, Annual capital growth 5.69%, Number of sales 319, Weekly median advertised rent $480

Torquay Unit: Median price $540,000, Annual capital growth 3.47%, Number of sales 41, Weekly median advertised rent $393

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 7.86% for the last year, Torquay, 3228 is the 1745th highest performer in Australia in this respect.

Over the longer term, Torquay has seen property prices show investors a 20.69% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Torquay is $700002, with sellers offering an average of -3.17% off the asking price.

Investment property in Torquay has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.13%

While Torquay,3228 ranked number 28th in VIC for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.

The most recent median price for Torquay is $540000, with sellers offering an average of -2.72% off the asking price.

Using the current median advertised rental of $392.5 and the average annual increase in value of a median property of 3.47%, investors should hope to achieve an overall return of 3.78%

Metrics i HOUSE UNIT
$700,002 $540,000
1.45% 8.22%
7.86% 16.13%
5.69% 3.47%
$480 $393
319 41
3.57% 3.78%
72.79 73.17

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 10141
Median household income ($/weekly) 1430
Median age of persons 38
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1549 15.3
    25-34 years 1134 11.2
    35-44 years 1811 17.9
    45-54 years 1286 12.7
    55-64 years 1217 12.0
    Others 3144 31.0
    Age Group
    Census Count Percent(%)
    Registered Married 3890 56.6
    Not Married 2249 32.7
    Defacto Relationship 738 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8456 86.4
    Papua New Guinea 123 1.3
    South Africa 87 0.9
    United Kingdom 581 5.9
    Other 125 1.3
    Others 416 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 94 1.0
    Christianity 5972 64.3
    Islam 36 0.4
    Other Religious Groups 42 0.5
    No Religion 3134 33.7
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 270 8.6
    $600-$799 288 9.2
    $1,500-$1,999 419 13.4
    $2,000-$2,499 371 11.8
    $2,500-$2,999 327 10.4
    Others 1461 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2871 38.4
    Not in the labour force 2360 31.6
    Employed, worked part-time 1687 22.6
    Employed, away from work 337 4.5
    Unemployed, looking for work 219 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 730 14.9
    Professionals 1263 25.8
    Technicians & trades workers 728 14.9
    Community & personal service workers 508 10.4
    Clerical & administrative workers 620 12.7
    Others 1042 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 232 9.1
    Infants/Primary 1064 41.7
    Secondary 678 26.6
    Technical or Further Educational Institution 184 7.2
    University or other Tertiary Institutions 323 12.7
    Others 70 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8205 87.8
    Semi-detached, row or terrace house, townhouse 609 6.5
    Flat, unit or apartment 506 5.4
    Caravan, cabin, houseboat 13 0.1
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1419 40.7
    Fully owned 1141 32.7
    Rented 905 25.9
    Other tenure type 23 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals