Giving property investors a an unimpressive capital gain of -2.57% for the last year, Torrensville, 5031 is the 3220th highest performer in Australia in this respect.
Comparing Torrensville,5031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Torrensville is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Torrensville the average time real estate has been on the market is 69.95 days.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.54%, investors should hope to achieve an overall return of 3.97%
Property value increases in Torrensville have tracked higher than the SA average of 3.07% over the last 12 months.
The five-year average increase in median property values for Torrensville,5031 has given property investors a potential capital gain of 35.83% across each of those five years.
Sellers are offering property buyers an average discount of -3.60% to buyers in Torrensville at the moment, which is less than average for the rest of SA.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.
Roughly 10 minutes’ drive west of Adelaide sits the suburb of Torrensville, which is aiming to recover after a slippery 2017-2018Full summary
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Market bouncing back
Median unit price: $419,000
Three-year growth: 2.2%
Rental yield: 4.0%
Roughly 10 minutes’ drive west of Adelaide sits the suburb of Torrensville, which is aiming to recover after a slippery 2017-2018.
In that year, unit prices dropped by 6.5%, interrupting the positive growth trend recorded by the suburb since 2013. However, in the three months to June 2018, values soared by 22.5%, bringing the median unit price to just shy of $420,000.
There seems to be reasonable demand for apartments in this area among buyers, who are snapping up apartments after an average of only 42 days on the market. Landlords are earning reasonable returns of 4.2% from rents of $320 per week.
Torrensville is the site of educational facilities like Thebarton Senior College and Torrensville Primary School. Thebarton Theatre on Henley Beach Road was built in 1926 and is one of the most well-known medium-sized venues in Australia.Close