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Investment Property Torquay, VIC, 3228

Suburb Snapshot

Torquay is a suburb in the Surf Coast Region of Victoria. Torquay has a population of 13,260 people and 16.86% of its occupants live in rental accommodation. The median listing price for houses is $1,260,000 and this has changed -1.57% over the past year and changed -2.71% over 2 years.

The median rent in Torquay for houses is $670 per week and the median rental yield is 2.76%. Stock on the market for houses/townhouses has changed 4.27% compared to last year and the average time to sell a house/townhouse is 118 days.The median listing price for units is $840,000 and this has changed 1.81% over the past year. The average unit takes 205 days to sell and the median rent for a unit in Torquay is $515 per week, producing a rental yield of 3.18%.

Supply & Demand in Torquay, Surf Coast

0.70%

Current vacancy rate


67

Rental stock available


13,260

Population


16.86%

Rental population


0.46%

Current vacancy rate


107

Rental stock available


29,397

Population


12.14%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Torquay, Surf Coast

  House Townhouses Units
Median listing price $1,260,000 $855,000 $840,000
Median price change - last quarter -0.59% 1.17% 3.12%
Median price change - 1 year -1.57% -7.57% 1.81%
Median price change - 2 years -2.71% -5.79% -5.62%
  House Townhouses Units
Median weekly rent $670 $620 $515
Median yield % 2.76% 3.77% 3.18%
Median rent change - 1 year 3.07% -1.59% 7.29%
  House Units
Previous month sales 26 0
Stock on market previous month 220 14
Stock variance vs. last year 4.27% -12.50%
Average days on market 118 205

Torquay investment property listings

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