Torrens is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2607). With a population of 2,424, the suburb has an established demographic with a median age of 39. Households earn a median income of $136K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Torrens is $1.1 million, having dropped significantly 13.9% over the past year. Units have a median price of $780,000 (-25.2% YoY). The median weekly rent is $478 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,470.
Torrens is served by 1 school, including 1 primary. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,320 incidents per 100,000 population.
From an investment perspective, Torrens offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved -13.9% year-on-year.
Torrens is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2607). With a population of 2,424, the suburb has an established demographic with a median age of 39. Households earn a median income of $136K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Torrens is $1.1 million, having dropped significantly 13.9% over the past year. Units have a median price of $780,000 (-25.2% YoY). The median weekly rent is $478 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,470.
Torrens is served by 1 school, including 1 primary. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,320 incidents per 100,000 population.
From an investment perspective, Torrens offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.1M/$1.0M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved -13.9% year-on-year.