Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $715,000, Annual capital growth 5.35%, Number of sales 322, Weekly median advertised rent $480

Torquay Unit: Median price $535,000, Annual capital growth 3.19%, Number of sales 49, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$715,000 $535,000
2.14% -0.93%
10.00% 15.05%
5.35% 3.19%
$480 $395
322 49
3.49% 3.84%
60.55 80.96

Source: CoreLogic

DSR Score for property investment : Very 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
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Recent sales & rentals