Giving property investors a a stable capital gain of 10.00% for the last year, Torquay, 3228 is the 1548th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Torquay comes in at number 434th in VIC.
Torquay, 3228 is offering VIC ‘s 546th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.49%, without taking into account capital value appreciation, which has been averaging out at 5.35%.
Over the last year, property investments in Torquay, 3228 have given investors a capital gain of 15.05%. This compares very favourably with the 5.66% for VIC as a whole.
While Torquay,3228 ranked number 288th in VIC for increase in median house value (annualised) increase, it is ranked 153th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Torquay itself are offering an average vendor discount of -2.70% to real estate investors.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
With the median price for a house in Torquay being $535000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.84%