Suburb Profile Report for Torquay VIC (3228)

Torquay House: Median price $776,000, Annual capital growth 5.29%, Number of sales 256, Weekly median advertised rent $495

Torquay Unit: Median price $657,000, Annual capital growth 5.36%, Number of sales 54, Weekly median advertised rent $393

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Torquay, 3228 have given investors a capital gain of 9.68%. This compares averagely with the 8.91% for VIC as a whole.

The five-year average increase in median property values for Torquay,3228 has given property investors a potential capital gain of 39.01% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Torquay, 3228. Typically our figures indicate that -3.38% is being offered, which puts this VIC suburb at 3417th most discounted overall in Australia.

With the median price for a house in Torquay being $776000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 3.32%

Property value increases in Torquay have tracked higher than the VIC average of 7.73% over the last 12 months.

The five-year average increase in median property values for Torquay,3228 has given property investors a potential capital gain of 31.40% across each of those five years.

At number 280th of VIC’s most discounted properties, Torquay is in the TOP 20% of the state/territory when listing in order of most discounted to least.

A $392.5 per week rent on the median house gives suburb investors a gross yield of circa 3.11%, without taking into account capital value appreciation, which has been averaging out at 5.36%.

Metrics i HOUSE UNIT
$776,000 $657,000
2.11% 7.71%
9.68% 23.96%
5.29% 5.36%
$495 $393
256 54
3.32% 3.11%
45.07 64.55

Source: CoreLogic

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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