Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $820,000, Annual capital growth 5.60%, Number of sales 241, Weekly median advertised rent $510

Torquay Unit: Median price $580,000, Annual capital growth 4.54%, Number of sales 38, Weekly median advertised rent $450

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

If you compare the increase in value of investment property in Torquay, 3228 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.44%.

Torquay,3228 was ranked 1261 in Australia by increase in median property value over the quarter.

Vendor discounting in Torquay is giving property investors an average Vendor Discount of around -5.50%. This puts suburb at number 372th in VIC when ranking the most discounted suburbs.

At number 1162 in a list of fastest selling suburbs, Torquay is in the TOP 30% of suburbs in Australia with an average of days on market 51.66 for properties listed there.

The VIC suburb of Torquay, 3228 is in the Surf Coast (S) local government area.

Over the last year, property investments in Torquay, 3228 have given investors a capital gain of 15.60%. This compares very favourably with the 3.42% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Torquay comes in at number 55th in VIC.

Torquay3228 is located in VIC which offers an average discount of -5.45% to property investors. Torquay itself is showing figures that indicate -2.00% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Torquay have been waiting around 83 days to sell a property.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 4.54%, investors should hope to achieve an overall return of 4.03%

Metrics i HOUSE UNIT
$820,000 $580,000
1.55% -3.82%
12.44% 15.60%
5.60% 4.54%
$510 $450
241 38
3.23% 4.03%
51.66 83

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 : Good (H), Above average (U)
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Demographics
Total population 10141
Median household income ($/weekly) 1430
Median age of persons 38
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1549 15.3
    25-34 years 1134 11.2
    35-44 years 1811 17.9
    45-54 years 1286 12.7
    55-64 years 1217 12.0
    Others 3144 31.0
    Age Group
    Census Count Percent(%)
    Registered Married 3890 56.6
    Not Married 2249 32.7
    Defacto Relationship 738 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8456 86.4
    Papua New Guinea 123 1.3
    South Africa 87 0.9
    United Kingdom 581 5.9
    Other 125 1.3
    Others 416 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 94 1.0
    Christianity 5972 64.3
    Islam 36 0.4
    Other Religious Groups 42 0.5
    No Religion 3134 33.7
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 270 8.6
    $600-$799 288 9.2
    $1,500-$1,999 419 13.4
    $2,000-$2,499 371 11.8
    $2,500-$2,999 327 10.4
    Others 1461 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2871 38.4
    Not in the labour force 2360 31.6
    Employed, worked part-time 1687 22.6
    Employed, away from work 337 4.5
    Unemployed, looking for work 219 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 730 14.9
    Professionals 1263 25.8
    Technicians & trades workers 728 14.9
    Community & personal service workers 508 10.4
    Clerical & administrative workers 620 12.7
    Others 1042 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 232 9.1
    Infants/Primary 1064 41.7
    Secondary 678 26.6
    Technical or Further Educational Institution 184 7.2
    University or other Tertiary Institutions 323 12.7
    Others 70 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8205 87.8
    Semi-detached, row or terrace house, townhouse 609 6.5
    Flat, unit or apartment 506 5.4
    Caravan, cabin, houseboat 13 0.1
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1419 40.7
    Fully owned 1141 32.7
    Rented 905 25.9
    Other tenure type 23 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals