Giving property investors a a solid capital gain of 13.51% for the last year, Torrensville, 5031 is the 294th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Torrensville comes in at number 53th in SA.
Situated 3.75km from the CBD, Torrensville is one of West Torrens (C) localities in the postcode 5031.
Property investors who have had real estate in Torrensville, 5031 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.33%
Torrensville is 107th on a list of best yielding suburbs for rents in SA with a 3.93% return
Information supplied by:
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.