Torquay has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.06% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Torquay comes in at number 284th in VIC.
At number 353th of VIC’s most discounted properties, Torquay is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Property investors who have had real estate in Torquay, 3228 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.89%
Over the longer term, Torquay has seen property prices show investors a 18.50% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.82% to buyers in Torquay at the moment, which is less than average for the rest of VIC.
In the last year 44 properties changed hands in Torquay, which puts it as the 189th most active market in VIC when comparing the number of sales per suburb.