Torquay is a well-established suburb in Victoria within the Surf Coast local government area (postcode 3228). With a population of 18,534, the suburb has an established demographic with a median age of 39. Households earn a median income of $119K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Torquay is $1.2 million, having declined 5.1% over the past year. Units have a median price of $903,000 (+0.8% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Torquay is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 71 bus stops. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
From an investment perspective, Torquay offers a gross rental yield of 2.7%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.1x is considered stretched. House prices have moved -5.1% year-on-year.
Torquay is a well-established suburb in Victoria within the Surf Coast local government area (postcode 3228). With a population of 18,534, the suburb has an established demographic with a median age of 39. Households earn a median income of $119K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Torquay is $1.2 million, having declined 5.1% over the past year. Units have a median price of $903,000 (+0.8% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Torquay is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 71 bus stops. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
From an investment perspective, Torquay offers a gross rental yield of 2.7%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.1x is considered stretched. House prices have moved -5.1% year-on-year.