Over the last year, property investments in Torrensville, 5031 have given investors a capital gain of -3.88%. This compares very badly with the 8.10% for SA as a whole.
A 13.24% growth in median value for property investors in Torrensville,5031 puts this suburb at number 345th in terms of best performing suburbs in SA
With a capital gain of -18.18% for the last 12 months, Torrensville, 5031 has performed for property investments than its average annual 8.51% property growth over the last 5 years.
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Market bouncing back
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.