Over the last year, property investments in Torquay, 3228 have given investors a capital gain of 7.35%. This compares averagely with the 8.06% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Torquay,3228 has racked up an average of 7.35% over the period. This ranks it number 2095th in the whole country for real estate investors looking at median house price increases.
Torquay3228 is located in VIC which offers an average discount of -6.03% to property investors. Torquay itself is showing figures that indicate -2.72% is the average achievable by property buyers investing in the suburb.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 5.90%.
Torquay has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.43% to date .
A 0.00% growth in median value for property investors in Torquay,3228 puts this suburb at number 55th in terms of best performing suburbs in VIC
At number 253th of VIC’s most discounted properties, Torquay is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 2.23%, investors should hope to achieve an overall return of 4.02%