Over the last year, property investments in Torrensville, 5031 have given investors a capital gain of -3.93%. This compares very badly with the 2.50% for SA as a whole.
Torrensville,5031 was ranked 3425 in Australia by increase in median property value over the quarter.
Torrensville5031 is located in SA which offers an average discount of -6.24% to property investors. Torrensville itself is showing figures that indicate -6.25% is the average achievable by property buyers investing in the suburb.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 3.86%.
At number 191th in the list of Australian suburbs ordered by increase in median house value over the last year, Torrensville, 5031 is in the top 20% with a property value increase of 16.92% recorded in median house prices.
The five-year average increase in median property values for Torrensville,5031 has given property investors a potential capital gain of 31.95% across each of those five years.
Vendor discounting in Torrensville is giving property investors an average Vendor Discount of around -4.15%. This puts suburb at number 145th in SA when ranking the most discounted suburbs.
Residents and property investors in Torrensville have been waiting around 48.83 days to sell a property.
Situated 3.37km from the CBD, Torrensville is one of West Torrens localities in the postcode 5031.