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
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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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