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%