VIC has seen average median house prices change by -1.79% which means that Torquay, 3228 has not done well for property investors by showing a capital gain of -0.16% over the last year
Torquay,3228 has offered an average of -0.16% return per annum in house price rises to property investors over the last three years.
The most recent median price for Torquay is $803750, with sellers offering an average of -6.26% off the asking price.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 6.13%.
Property investors who have had real estate in Torquay, 3228 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.58%
While Torquay,3228 ranked number 235th in VIC for increase in median house value (annualised) increase, it is ranked 121th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Torquay is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 229th in terms of most discounted suburbs in VIC
Situated 79.85km from the CBD, Torquay is one of Surf Coast (S) localities in the postcode 3228.