Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $650,000, Annual capital growth 5.60%, Number of sales 311, Weekly median advertised rent $460

Torquay Unit: Median price $467,500, Annual capital growth 1.93%, Number of sales 56, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1210th in the list of Australian suburbs ordered by increase in median house value over the last year, Torquay, 3228 is in the top 30% with a property value increase of 9.01% recorded in median house prices.

A 17.17% growth in median value for property investors in Torquay,3228 puts this suburb at number 459th in terms of best performing suburbs in VIC

The most recent median price for Torquay is $650000, with sellers offering an average of -2.79% off the asking price.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of 5.60%, investors should hope to achieve an overall return of 3.68%

Property investors who have had real estate in Torquay, 3228 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.08%

Torquay,3228 was ranked 590 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 263th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 1.93%, investors should hope to achieve an overall return of 4.12%

HOUSE UNIT
$650,000 $467,500
0.00% 1.43%
9.01% 1.08%
5.60% 1.93%
$460 $370
311 56
3.68% 4.12%
77.28 90.67

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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