At number 1919th in the list of Australian suburbs ordered by increase in median house value over the last year, Torquay, 3228 is in the top half with a property value increase of 7.50% recorded in median house prices.
Across a shorter period, Torquay, 3228 has seen a median price increase of 0.83% over the last quarter.
Property investors looking for a bargain in Torquay should be aiming for at least -2.84% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 327 properties changed hands in Torquay, which puts it as the 48th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.08%, investors should hope to achieve an overall return of 3.49%
Torquay is in the TOP 20% in VIC when comparing median price capital growth over the last year. Torquay gave property investors a very good capital gain figure when compared to the rest of the state, with 18.56%.
Across a shorter period, Torquay, 3228 has seen a median price increase of 6.48% over the last quarter.
Torquay, 3228 is offering VIC ‘s 267th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 4.36%, investors should hope to achieve an overall return of 3.53%