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%