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%