Suburb Profile Report for Torrens ACT (2607)

Torrens House: Median price $810,000, Annual capital growth 5.16%, Number of sales 40, Weekly median advertised rent $610

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Torrens is in the TOP 20% in ACT when comparing median price capital growth over the last year. Torrens gave property investors a very good capital gain figure when compared to the rest of the state, with 12.50%.

A 35.00% growth in median value for property investors in Torrens,2607 puts this suburb at number 17th in terms of best performing suburbs in ACT

In the last year 40 properties changed hands in Torrens, which puts it as the 50th most active market in ACT when comparing the number of sales per suburb.

Situated 11.12km from the CBD, Torrens is one of Unincorporated ACT localities in the postcode 2607.

Information supplied by:



Torrens is a well-established suburb sitting approximately 10km south-west of the CBD. With its close proximity to nearby town centre Woden, and being only 3km from Canberra hospital, it offers many of the basic fundamentals investors search for.

Rental yields may be a little flat, but the suburb offers a good selection of properties that are ripe for renovation.

Badenoch Real Estate principal Simon Badenoch explains that Torrens’ combination of high land values and properties that could do with a facelift offers some excellent add value opportunities.

“The margin between vacant land and land with an existing dwelling is very minimal. The average land price is around $400,000 and with properties selling between $470,000 and $480,000 there is scope for investors looking to increase their capital gains by renovating,” he says.

And Badenoch sees benefits for Canberra-based investors who may want to live in the property for the short term before renting it out. First homebuyers who want to make the most of their buyer’s grant before renting the property out, for example.

“Structurally, the properties are well built, so investors have the option of living in it for a couple of years before renovating and putting it on the rental market,” he says.

Amenity-wise, nearby Woden City offers a major shopping centre, and the town is currently undergoing a large transformation – including the development of a number of medium-density residential units.

SQM Research figures show residential vacancy rates rarely exceeded 1% in the past four years, and data from suggests a healthy demand over supply, with approximately three people viewing every listed home.

Metrics i HOUSE UNIT
$810,000 N/A
2.53% N/A
12.50% N/A
5.16% N/A
$610 N/A
40 N/A
3.92% N/A
79.32353 N/A

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Torrens ACT
Total population 2282
Median household income ($/weekly) 1832
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 322 14.1
    25-34 years 245 10.7
    35-44 years 371 16.2
    45-54 years 319 14.0
    55-64 years 249 10.9
    Others 778 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 898 53.6
    Not Married 623 37.2
    Defacto Relationship 155 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1693 76.8
    Croatia 32 1.5
    Papua New Guinea 31 1.4
    United Kingdom 98 4.4
    Other 94 4.3
    Others 256 11.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.9
    Christianity 1351 64.0
    Hinduism 21 1.0
    Other Religious Groups 23 1.1
    No Religion 647 30.7
    Others 27 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 103 13.6
    $2,000-$2,499 71 9.4
    $2,500-$2,999 75 9.9
    $3,000-$3,499 82 10.8
    $4,000 or more 79 10.4
    Others 348 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 754 43.3
    Not in the labour force 551 31.6
    Employed, worked part-time 322 18.5
    Employed, away from work 74 4.3
    Unemployed, looking for work 40 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 213 18.5
    Professionals 368 32.0
    Technicians & trades workers 123 10.7
    Clerical & administrative workers 200 17.4
    Sales 88 7.7
    Others 157 13.7
    Census Count Percent(%)
    Pre-school 25 4.1
    Infants/Primary 205 33.6
    Secondary 183 30.0
    Technical or Further Educational Institution 65 10.6
    University or other Tertiary Institutions 117 19.1
    Others 16 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1996 91.1
    Semi-detached, row or terrace house, townhouse 129 5.9
    Flat, unit or apartment 66 3.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 313 38.2
    Being purchased 284 34.6
    Rented 223 27.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table