With a capital gain of -7.01% for the last 12 months, Torrens Park, 5062 has performed for property investments than its average annual 0.70% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Torrens Park has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Torrens Park is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 39th in terms of most discounted suburbs in SA
Property investors should expect to get $512.5 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Torrens Park, 5062 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 30.57%.
Across a shorter period, Torrens Park, 5062 has seen a median price increase of -3.53% over the last quarter.
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.
Renters in Suburb are facing rents around $16640 per annum or $320 every week.