Suburb Profile Report for Torrens Park SA (5062)

Torrens Park House: Median price $755,000, Annual capital growth 1.30%, Number of sales 40, Weekly median advertised rent $510

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report

SA has seen average median house prices change by 1.39% which means that Torrens Park, 5062 has done well for property investors by showing a capital gain of 2.03% over the last year

Over the longer term, Torrens Park has seen property prices show investors a -1.53% return over the last 3 years. This is an improvement over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Torrens Park, 5062. Typically our figures indicate that -7.39% is being offered, which puts this SA suburb at 1577th most discounted overall in Australia.

Often selling an investment property can take time, and in Torrens Park the average time real estate has been on the market is 38.16 days.

Torrens Park is 367th on a list of best yielding suburbs for rents in SA with a 3.51% return

Metrics i HOUSE UNIT
$755,000 N/A
3.42% N/A
2.03% N/A
1.30% N/A
$510 N/A
40 N/A
3.51% N/A
38.16 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2558
Median household income ($/weekly) 1513
Median age of persons 40
Median housing loan repayment ($/monthly) 2149
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 277 10.8
    15-19 years 275 10.8
    35-44 years 262 10.2
    45-54 years 407 15.9
    55-64 years 371 14.5
    Others 966 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 933 48.8
    Not Married 830 43.4
    Defacto Relationship 149 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1942 78.6
    Indonesia 25 1.0
    Papua New Guinea 37 1.5
    United Kingdom 179 7.2
    Other 73 3.0
    Others 214 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 1.2
    Christianity 1464 62.4
    Hinduism 29 1.2
    Other Religious Groups 19 0.8
    No Religion 795 33.9
    Others 13 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 83 9.6
    $1,000-$1,249 74 8.5
    $1,500-$1,999 98 11.3
    $2,000-$2,499 84 9.7
    $2,500-$2,999 93 10.7
    Others 437 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 763 36.4
    Not in the labour force 751 35.9
    Employed, worked part-time 454 21.7
    Employed, away from work 66 3.2
    Unemployed, looking for work 60 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 215 16.8
    Professionals 474 37.1
    Community & personal service workers 118 9.2
    Clerical & administrative workers 170 13.3
    Sales 115 9.0
    Others 186 14.6
    Occupation
    Census Count Percent(%)
    Pre-school 32 4.3
    Infants/Primary 184 24.6
    Secondary 267 35.6
    Technical or Further Educational Institution 52 6.9
    University or other Tertiary Institutions 198 26.4
    Others 16 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1873 81.1
    Flat, unit or apartment 229 9.9
    Semi-detached, row or terrace house, townhouse 203 8.8
    Improvised home, tent, sleepers out 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 377 40.0
    Being purchased 354 37.5
    Rented 202 21.4
    Other tenure type 10 1.1
    Tenure Type
Census 2011, ABS
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