Suburb Profile

Suburb profile for,

Torquay, VIC

Located in the dynamic state of VIC (postcode 3228), TORQUAY is a vibrant real estate market. This suburb holds a median house price of $1,357,500 and has demonstrated an average buying growth of Up 8.0%. Last month, 137 houses were available, with 244 transactions completed in the past year. Properties spend around 39 days on the market, reflecting the area's demand with 3516 interested buyers. The average rental yield stands at 2.7%, with a weekly median rent of $550 per week and an average rent growth of Up 10.2%. Rental properties usually stay on the market for 20 days. The population in 2016 was 13268, which changed by +30.80% in the past five years. The median weekly household income is $1,762, reflecting an income change of +22.96% over the past five years. Residents have a median age of 38 years, and the suburb has an average annual growth for houses of +13.49%. To fully take advantage of TORQUAY's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in TORQUAY, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Torquay, VIC

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
VIC
Suburb
TORQUAY
Postcode
3228
Median price for all dwellings
$1,357,500
Last 12 months growth return
Up 8.0%
Avg. dwellings for sale in the suburb every month
137
Avg. dwellings sold in the suburb in previous 12 months
244
Avg days on market for a dwelling listing to sell
39 days
Avg. number of people searching in this suburb every month
3516
Avg. rental yield per annum
2.70%
Weekly median rent for all dwellings
$550 per week
Median price for all houses
$1,357,500
Avg. rental yield growth in the previous 12 months
2.70%
Avg. days for a rental listing to find a tennant
20 days
Total suburb population in 2016
13268
Total suburb population change in 5 years up to 2016
30.80%
Avg. household income per week
$1,762
Median age of the population in the suburb
38
Historic avg annual growth return per annum in the suburb
13.49%

Try Handle risk-free for 14 days!

Receive high quality property recommendations with a rental guarantee.
Full refund if we cannot find you properties that meet your needs.
Get started today!
😎
End-to-End Service
👊🏼
14-day risk free trial
🚀
Off