Suburb Profile Report for Torquay QLD (4655)

Torquay House: Median price $437,000, Annual capital growth 2.50%, Number of sales 170, Weekly median advertised rent $420

Torquay Unit: Median price $290,000, Annual capital growth 5.89%, Number of sales 133, Weekly median advertised rent $0

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 3117th in the list of Australian suburbs ordered by increase in median house value over the last year, Torquay, 4655 is in the BOTTOM 40% with a property value increase of 9.21% recorded in median house prices.

If we look at median property appreciation over just the last three months, Torquay has given property investors a paper return of 5.65%. This puts Suburb as 62 on a list of fastest fasting appreciating suburbs in QLD

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, 4655. Typically our figures indicate that -3.82% is being offered, which puts this QLD suburb at 1319th most discounted overall in Australia.

Often selling an investment property can take time, and in Torquay the average time real estate has been on the market is 37.5758 days.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.50%, investors should hope to achieve an overall return of 5.00%

Torquay has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 13.02% to date .

Torquay,4655 has offered an average of 13.02% return per annum in house price rises to property investors over the last three years.

The most recent median price for Torquay is $290000, with sellers offering an average of 0.00% off the asking price.

Torquay, 4655’s gross rental yield is 0.00%

Metrics i HOUSE UNIT
$437,000 $290,000
5.65% 5.65%
9.21% 13.02%
2.50% 5.89%
$420 $0
170 133
5.99% 0.00%
37.5757575757576 0

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 6025
Median household income ($/weekly) 678
Median age of persons 48
Median housing loan repayment ($/monthly) 1460
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 733 12.2
    35-44 years 618 10.3
    45-54 years 797 13.2
    55-64 years 900 14.9
    65-74 years 814 13.5
    Others 2163 35.9
    Age Group
    Census Count Percent(%)
    Not Married 2015 45.9
    Registered Married 1960 44.7
    Defacto Relationship 413 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4723 82.1
    Greece 49 0.9
    Papua New Guinea 212 3.7
    United Kingdom 433 7.5
    Other 84 1.5
    Others 250 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.8
    Christianity 3958 72.7
    Islam 8 0.1
    Other Religious Groups 47 0.9
    No Religion 1385 25.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 319 14.1
    $400-$599 465 20.6
    $600-$799 349 15.4
    $800-$999 241 10.7
    $1,000-$1,249 166 7.3
    Others 719 31.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2500 53.9
    Employed, worked full-time 1045 22.5
    Employed, worked part-time 693 14.9
    Unemployed, looking for work 295 6.4
    Employed, away from work 108 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 279 15.1
    Technicians & trades workers 285 15.4
    Community & personal service workers 273 14.8
    Sales 233 12.6
    Labourers 236 12.8
    Others 539 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 44 4.0
    Infants/Primary 485 44.3
    Secondary 339 30.9
    Technical or Further Educational Institution 85 7.8
    University or other Tertiary Institutions 110 10.0
    Others 33 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4365 78.5
    Semi-detached, row or terrace house, townhouse 481 8.6
    Flat, unit or apartment 473 8.5
    Caravan, cabin, houseboat 227 4.1
    House or flat attached to a shop, office 14 0.3
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1080 43.8
    Fully owned 852 34.5
    Being purchased 449 18.2
    Other tenure type 87 3.5
    Tenure Type
Census 2011, ABS
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