Torrensville has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 7.90% to date .
While Torrensville,5031 ranked number 220th in SA for increase in median house value (annualised) increase, it is ranked 161th over the last 5 years.
Vendor discounting in Torrensville is giving property investors an average Vendor Discount of around -4.14%. This puts suburb at number 329th in SA when ranking the most discounted suburbs.
Torrensville, 5031 ranked 181th in SA when comparing growth in median property values or capital gain over the last 12 months. Torrensville is one of 853 in our list for SA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Torrensville has fallen somewhat when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Torrensville itself are offering an average vendor discount of -3.26% to real estate investors.
Often selling an investment property can take time, and in Torrensville the average time real estate has been on the market is 38.91 days.
Torrensville, 5031’s gross rental yield is 4.98%