Torrensville, 5031 ranked 384th 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
The five-year average increase in median property values for Torrensville,5031 has given property investors a potential capital gain of 11.26% across each of those five years.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
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 -2.94%
While Torrensville,5031 ranked number 120th in SA for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
Torrensville is 70th on a list of best yielding suburbs for rents in SA with a 4.66% 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.