Torbay is a sparsely populated locality in Western Australia within the Albany local government area (postcode 6330). It is home to about 378 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $74K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
The current median weekly rent is $525. The median monthly mortgage repayment is $1,627.
On the investment side, Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.