Suburb Profile Report for Torrensville SA (5031)

Torrensville House: Median price $568,000, Annual capital growth 3.74%, Number of sales 55, Weekly median advertised rent $420

Torrensville Unit: Median price $491,500, Annual capital growth 5.40%, Number of sales 18, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs
  • House Report
  • Unit Report
  • Expert Report

Investment property in Torrensville has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.53%

Comparing Torrensville,5031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -6.81% to buyers in Torrensville at the moment, which is less than average for the rest of SA.

At number 1806 in a list of fastest selling suburbs, Torrensville is just in the top half of suburbs in Australia with an average of days on market 71.44 for properties listed there.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

SA has seen average median house prices change by 2.97% which means that Torrensville, 5031 has done well for property investors by showing a capital gain of 15.65% over the last year

Across a shorter period, Torrensville, 5031 has seen a median price increase of 9.47% over the last quarter.

Sellers are offering property buyers an average discount of -3.60% to buyers in Torrensville at the moment, which is less than average for the rest of SA.

Advertised rents are around the $330 mark per week – giving a return of 3.49% based on the median price in Suburb

Information supplied by:


September 2018

M
O

W
E
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.

Close
Metrics i HOUSE UNIT
$568,000 $491,500
-0.18% 9.47%
0.53% 15.65%
3.74% 5.40%
$420 $330
55 18
3.85% 3.49%
71.44 45.28

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Torrensville SA
Demographics
Total population 3866
Median household income ($/weekly) 1070
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 362 9.4
    20-24 years 398 10.3
    25-34 years 610 15.8
    35-44 years 619 16.0
    45-54 years 559 14.5
    Others 1318 34.1
    Age Group
    Census Count Percent(%)
    Not Married 1578 50.9
    Registered Married 1243 40.1
    Defacto Relationship 277 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2450 66.3
    Hong Kong 258 7.0
    Indonesia 121 3.3
    Japan 175 4.7
    Other 180 4.9
    Others 514 13.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 2.3
    Christianity 2228 62.9
    Hinduism 85 2.4
    Islam 100 2.8
    No Religion 992 28.0
    Others 57 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 9.5
    $400-$599 170 11.8
    $600-$799 128 8.9
    $1,000-$1,249 149 10.3
    $1,500-$1,999 185 12.8
    Others 676 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1161 36.7
    Employed, worked full-time 1133 35.8
    Employed, worked part-time 643 20.3
    Unemployed, looking for work 117 3.7
    Employed, away from work 112 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 10.6
    Professionals 490 25.9
    Technicians & trades workers 261 13.8
    Community & personal service workers 189 10.0
    Clerical & administrative workers 277 14.7
    Others 472 25.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 257 28.3
    Secondary 183 20.1
    Technical or Further Educational Institution 101 11.1
    University or other Tertiary Institutions 304 33.4
    Other type of educational institution 33 3.6
    Others 31 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3012 81.4
    Semi-detached, row or terrace house, townhouse 372 10.1
    Flat, unit or apartment 314 8.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 556 36.1
    Fully owned 537 34.8
    Being purchased 443 28.7
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals