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%.