Torrensville is in the bottom 40% in SA when comparing median price capital growth over the last year. Torrensville gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.61%.
Torrensville,5031 was ranked 764 in Australia by increase in median property value over the quarter.
At number 115th of SA’s most discounted properties, Torrensville is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $420 mark per week – giving a return of 3.84% based on the median price in Suburb
Torrensville, 5031 ranked 31th 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
Torrensville,5031 was ranked 328 in Australia by increase in median property value over the quarter.
Property buyers and investors in Torrensville 5031 should be seeing an average reduction in asking price of around -3.13% . This means that Torrensville is holding prices well when compared to other suburbs in SA.
Torrensville, 5031’s gross rental yield is 3.50%
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September 2018
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Roughly 10 minutes’ drive west of Adelaide sits the suburb of Torrensville, which is aiming to recover after a slippery 2017-2018Full summary
Market bouncing back
Postcode: 5031
Median unit price: $419,000
Three-year growth: 2.2%
Rental yield: 4.0%
Roughly 10 minutes’ drive west of Adelaide sits the suburb of Torrensville, which is aiming to recover after a slippery 2017-2018.
In that year, unit prices dropped by 6.5%, interrupting the positive growth trend recorded by the suburb since 2013. However, in the three months to June 2018, values soared by 22.5%, bringing the median unit price to just shy of $420,000.
There seems to be reasonable demand for apartments in this area among buyers, who are snapping up apartments after an average of only 42 days on the market. Landlords are earning reasonable returns of 4.2% from rents of $320 per week.
Torrensville is the site of educational facilities like Thebarton Senior College and Torrensville Primary School. Thebarton Theatre on Henley Beach Road was built in 1926 and is one of the most well-known medium-sized venues in Australia.
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