Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $688,000, Annual capital growth 5.96%, Number of sales 305, Weekly median advertised rent $470

Torquay Unit: Median price $516,500, Annual capital growth 3.04%, Number of sales 49, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Torquay has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.21%

A 21.77% growth in median value for property investors in Torquay,3228 puts this suburb at number 247th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -2.94% to buyers in Torquay at the moment, which is less than average for the rest of VIC.

Renters in Suburb are facing rents around $5640 per annum or $470 every week.

With a capital gain of 11.08% for the last 12 months, Torquay, 3228 has performed for property investments than its average annual 3.04% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Torquay,3228 has racked up an average of 11.08% over the period. This ranks it number 542th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -2.94% to buyers in Torquay at the moment, which is less than average for the rest of VIC.

Torquay is 257th on a list of best yielding suburbs for rents in VIC with a 3.73% return

Metrics i HOUSE UNIT
$688,000 $516,500
2.69% 8.17%
9.21% 11.08%
5.96% 3.04%
$470 $370
305 49
3.55% 3.73%
79.05 75.6

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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