Suburb Profile Report for Torquay QLD (4655)

Torquay House: Median price $322,000, Annual capital growth 0.22%, Number of sales 104, Weekly median advertised rent $350

Torquay Unit: Median price $240,000, Annual capital growth -0.54%, Number of sales 54, Weekly median advertised rent $310

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Torquay has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.59% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Torquay has increased when compared to the 5 year average annual rate.

Torquay, 4655 is offering QLD ‘s 353th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.65%, without taking into account capital value appreciation, which has been averaging out at 0.22%.

With a capital gain of 2.13% for the last 12 months, Torquay, 4655 has performed for property investments than its average annual -0.54% property growth over the last 5 years.

Torquay,4655 was ranked 265 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -6.51% to buyers in Torquay at the moment, which is less than average for the rest of QLD.

The QLD suburb of Torquay, 4655 is in the Fraser Coast (R) local government area.

Metrics i HOUSE UNIT
$322,000 $240,000
-2.42% 4.35%
-3.59% 2.13%
0.22% -0.54%
$350 $310
104 54
5.65% 6.72%
83.8481012658228 100.090909090909

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 6025
Median household income ($/weekly) 678
Median age of persons 48
Median housing loan repayment ($/monthly) 1460
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 733 12.2
    35-44 years 618 10.3
    45-54 years 797 13.2
    55-64 years 900 14.9
    65-74 years 814 13.5
    Others 2163 35.9
    Age Group
    Census Count Percent(%)
    Not Married 2015 45.9
    Registered Married 1960 44.7
    Defacto Relationship 413 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4723 82.1
    Greece 49 0.9
    Papua New Guinea 212 3.7
    United Kingdom 433 7.5
    Other 84 1.5
    Others 250 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.8
    Christianity 3958 72.7
    Islam 8 0.1
    Other Religious Groups 47 0.9
    No Religion 1385 25.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 319 14.1
    $400-$599 465 20.6
    $600-$799 349 15.4
    $800-$999 241 10.7
    $1,000-$1,249 166 7.3
    Others 719 31.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2500 53.9
    Employed, worked full-time 1045 22.5
    Employed, worked part-time 693 14.9
    Unemployed, looking for work 295 6.4
    Employed, away from work 108 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 279 15.1
    Technicians & trades workers 285 15.4
    Community & personal service workers 273 14.8
    Sales 233 12.6
    Labourers 236 12.8
    Others 539 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 44 4.0
    Infants/Primary 485 44.3
    Secondary 339 30.9
    Technical or Further Educational Institution 85 7.8
    University or other Tertiary Institutions 110 10.0
    Others 33 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4365 78.5
    Semi-detached, row or terrace house, townhouse 481 8.6
    Flat, unit or apartment 473 8.5
    Caravan, cabin, houseboat 227 4.1
    House or flat attached to a shop, office 14 0.3
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1080 43.8
    Fully owned 852 34.5
    Being purchased 449 18.2
    Other tenure type 87 3.5
    Tenure Type
Census 2011, ABS
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