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 11.35%
The five-year average increase in median property values for Torquay,3228 has given property investors a potential capital gain of 18.18% across each of those five years.
The most recent median price for Torquay is $650000, with sellers offering an average of -2.76% off the asking price.
In the last year 298 properties changed hands in Torquay, which puts it as the 60th most active market in VIC when comparing the number of sales per suburb.
At number 992th in the list of Australian suburbs ordered by increase in median house value over the last year, Torquay, 3228 is in the BOTTOM 50% with a property value increase of 2.20% recorded in median house prices.
Comparing Torquay,3228 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Torquay are currently offering property investors an average price cut of -4.42% below the asking price at the moment.
Property investors should expect to get $370 weekly from the median priced house in this suburb.