Torrensville is a smaller suburb in South Australia within the West Torrens local government area (postcode 5031). With a population of 4,110, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $89K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Greek.
The median house price in Torrensville is $1.0 million, having dropped significantly 10.9% over the past year. The current median weekly rent is $606. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,863.
Torrensville is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1025, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the West Torrens LGA is higher than average at 8,832 incidents per 100,000 population.
From an investment perspective, Torrensville offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -10.9% year-on-year.
Torrensville is a smaller suburb in South Australia within the West Torrens local government area (postcode 5031). With a population of 4,110, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $89K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Greek.
The median house price in Torrensville is $1.0 million, having dropped significantly 10.9% over the past year. The current median weekly rent is $606. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,863.
Torrensville is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1025, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the West Torrens LGA is higher than average at 8,832 incidents per 100,000 population.
From an investment perspective, Torrensville offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -10.9% year-on-year.