Investment property in Torrens Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.57%
Over the longer term, Torrens Park has seen property prices show investors a 17.97% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.73% offered to property buyers. Sellers in Torrens Park itself are offering an average vendor discount of -9.64% to real estate investors.
With the median price for a house in Torrens Park being $870000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.87%
Situated 6.58km from the CBD, Torrens Park is one of Mitcham (C) localities in the postcode 5062.