Suburb Profile Report for Torrensville SA (5031)

Torrensville House: Median price $550,000, Annual capital growth 3.08%, Number of sales 52, Weekly median advertised rent $400

Torrensville Unit: Median price $395,000, Annual capital growth 5.96%, Number of sales 10, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Torrensville, 5031 ranked 365th 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

While Torrensville,5031 ranked number 408th in SA for increase in median house value (annualised) increase, it is ranked 208th over the last 5 years.

The most recent median price for Torrensville is $550000, with sellers offering an average of -6.33% off the asking price.

Often selling an investment property can take time, and in Torrensville the average time real estate has been on the market is 32 days.

With a capital gain of 31.56% for the last 12 months, Torrensville, 5031 has performed for property investments than its average annual 5.96% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Torrensville,5031 has racked up an average of 31.56% over the period. This ranks it number 357th in the whole country for real estate investors looking at median house price increases.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 5.96%.

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September 2018

M
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W
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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.

Close
Metrics i HOUSE UNIT
$550,000 $395,000
-3.17% 6.76%
-3.93% 31.56%
3.08% 5.96%
$400 $280
52 10
3.78% 3.69%
32 25

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Good (H), Above average (U)
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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
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Recent sales & rentals