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.