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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Torrens, the median property price for a house is currently 1,060,000 with annual capital growth of 0.47 . There were 23 house sales in the past 12 months. On average, houses spend 55 days on market.
If you're thinking about buying an investment property in Torrens, consider that rental yields for houses are currently 3.36 with an average median rent of 700 weekly. Houses have seen 0.95 growth in the past quarter, and 0.47 growth in the past 12 months.
The size of Torrens is approximately 1.3 square kilometres. It has 5 parks covering nearly 6.5% of total area. The population of Torrens in 2011 was 2,282 people. By 2016 the population was 2,201 showing a population decline of 3.5% in the area during that time. The predominant age group in Torrens is 40-49 years.
Households in Torrens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torrens work in a professional occupation. In 2011, 71.4% of the homes in Torrens were owner-occupied compared with 72% in 2016.
There were 5 unit sales in the past 12 months.
If you're thinking about buying an investment property in Torrens, consider that rental yields for units are currently 4.08 with an average median rent of 575 weekly.
The size of Torrens is approximately 1.3 square kilometres. It has 5 parks covering nearly 6.5% of total area. The population of Torrens in 2011 was 2,282 people. By 2016 the population was 2,201 showing a population decline of 3.5% in the area during that time. The predominant age group in Torrens is 40-49 years.
Households in Torrens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torrens work in a professional occupation. In 2011, 71.4% of the homes in Torrens were owner-occupied compared with 72% in 2016.
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| Key Market Data | House | Unit |
| Median price | 1,060,000 | – |
| Quarterly growth | +0.95 | – |
| 12-month growth | +0.47 | – |
| Average annual growth | +7.97 | – |
| Weekly median rent | 700 | 575 |
| Gross rental yield | 3.36 | 4.08 |
| Number of Sales (12m) | 23 | 5 |
| Avg. Days on Market (12m) | 55 | – |
| Key Demographics | 2011 | 2016 |
| Total population | 2,282 | 2,201 |
| Population change (5y) | +0.66 | -3.50 |
| Median household income (p/w) | 1,906 | 2,192 |
| Household income change (5y) | +25.89 | +15.01 |
| Median age of persons | 38 | 41 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Torrens was 2,201 in 2016, a -3.50 change compared to 2011.
The predominant age group in Torrens is 40-49 years.
The population of Torrens was 2,201 in 2016, a -3.50 change compared to 2011.
The predominant age group in Torrens is 40-49 years.
Most of the population in Torrens were born in Australia.
Most of the population in Torrens were born in Australia.
Most of the population in Torrens report their religion as No Religion.
Most of the population in Torrens report their religion as Catholic.
Most of the population in Torrens report their income range as 182,000 .
The median household income in Torrens was 2,192 in 2016, a +15.01 change compared to 2011.
Most of the population in Torrens report their income range as between 78,000 and 130,000 .
The median household income in Torrens was 1,906 in 2011, a +25.89 change compared to 2006.
Most of the population in Torrens work as Professional.
Most of the population in Torrens work as Professional.
The chart below demonstrates the various levels of education in Torrens.
The chart below demonstrates the various levels of education in Torrens.
Most of the population in Torrens reached a qualification level of Bachelor.
Most of the population in Torrens reached a qualification level of Bachelor.
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