Property investors who have had real estate in Torquay, 4655 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.71%
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.
LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 394th in terms of most discounted suburbs in QLD
In the last year 143 properties changed hands in Torquay, which puts it as the 216th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
Property value increases in Torquay have tracked just lower than the QLD average of 8.71% over the last 12 months.
Taking the average capital gain, or increase in median house value, Torquay,4655 has racked up an average of 2.86% over the period. This ranks it number 711th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Torquay 4655 should be seeing an average reduction in asking price of around -4.52% . This means that Torquay is holding prices well when compared to other suburbs in QLD.
Renters in Suburb are facing rents around $16770 per annum or $322.5 every week.