Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $663,500, Annual capital growth 5.68%, Number of sales 308, Weekly median advertised rent $470

Torquay Unit: Median price $467,500, Annual capital growth 1.79%, Number of sales 50, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Torquay, 3228 ranked 389th in VIC when comparing growth in median property values or capital gain over the last 12 months. Torquay is one of 2098 in our list for VIC

While Torquay,3228 ranked number 324th in VIC for increase in median house value (annualised) increase, it is ranked 398th over the last 5 years.

Torquay3228 is located in VIC which offers an average discount of -6.04% to property investors. Torquay itself is showing figures that indicate -2.76% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Torquay the average time real estate has been on the market is 75.98 days.

With the median price for a house in Torquay being $663500 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.68%

Giving property investors a an unimpressive capital gain of -0.53% for the last year, Torquay, 3228 is the 1136th highest performer in Australia in this respect.

Torquay,3228 was ranked 738 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Torquay itself are offering an average vendor discount of -3.57% to real estate investors.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

HOUSE UNIT
$663,500 $467,500
2.08% 0.98%
7.02% -0.53%
5.68% 1.79%
$470 $370
308 50
3.68% 4.12%
75.98 83.04

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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
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