Over the last year, property investments in Torrensville, 5031 have given investors a capital gain of 7.03%. This compares very badly with the 17.52% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Torrensville comes in at number 414th in SA.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.27% offered to property buyers. Sellers in Torrensville itself are offering an average vendor discount of 0.00% to real estate investors.
In the last year 65 properties changed hands in Torrensville, which puts it as the 151th most active market in SA when comparing the number of sales per suburb.
Torrensville, 5031’s gross rental yield is 5.78%
Investment property in Torrensville has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.14%
When looking at the potential capital gains offered to property investors over the last 3 years, Torrensville comes in at number 143th in SA.
Torrensville, 5031 is offering SA ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.
Advertised rents are around the $460 mark per week – giving a return of 3.02% based on the median price in Suburb
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.