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%.
Roughly 10 minutes’ drive west of Adelaide sits the suburb of Torrensville, which is aiming to recover after a slippery 2017-2018Full summary
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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.Close