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Torrensville, SA 5031

Home » SA Real Estate Data » City of West Torrens, SA » Torrensville, SA 5031

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Torrensville, SA 5031 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Torrensville, SA 5031”

  1. The total adult population (15 years or older) of Torrensville 5031 SA is 3,553, with a median age of 37. Of those, 39.29% are married, 10.27% are divorced or separated, 45.76% are single and 4.56% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,612. The median monthly mortgage repayment for households in this suburb is $1,863 which is 21.63% of their earnings.

    Source: ABS Census Data (2021)

  2. The bustling suburban locale of TORRENSVILLE, postcode 5031, falls within the boundaries of the South Australian territory. A family-friendly area, it boasts 2,289 households. As we hit Q3 of 2023, let’s delve deeper into the property market statistics for houses in Torrensville.

    Property prices in the area have driven towards an average of $986,596. For potential renters, the median weekly rent currently stands at $541. These two figures combined present an indicative yield of 2.85%, which falls just below the sought-after 3% for cashflow-focused property investors.

    The socio-economic score for Torrensville, as indicated by the IRSAD score, stands favourably at 1017 out a potential 1217. This figure suggests residents in this area hold reasonable access to economic resources and tend to be of a higher income category.

    The suburb shows a renter to owner ratio of 37%, which is a touch on the higher side. However, the low ratio of units to houses, just 14%, offsets this as it indicates less saturation in the rental market. This low figure maintains room for potential higher rental yields due to less competition among landlords for tenants.

    One critical factor for potential home buyers is the affordability index, which is measured as the ‘years to own’. For houses in Torrensville, this figure sits at 45 years. It is a relatively high figure, suggesting a decrease in overall affordability in the local property market.

    Supply metrics for the suburb are favourable. The stock on market percentage for houses is minimal at 0.2%, pointing to low supply in the market, while the inventory level is at a meagre 1.0 month. The building approvals ratio is another positive indicator at 0.45%.

    Demand metrics pose a mixed picture. Houses spend around 78 days on the market, which indicates moderate demand. The vacancy rate is incredibly low at 0.47%, signalling high demand for properties to rent. However, the buy search index for houses sitting at 3, falls within the lower side of the neutral zone, indicating relatively standard demand for buying property.

    As market conditions can shift, keeping an eye on ongoing trends using platforms like the HtAG Analytics Dashboard is invaluable. The platform’s RCS metric further aids in automating research by utilising over 80 metrics, leading to smarter, fast and reliable property investing.

    While some metrics may have less favourable positions, the majority of the indicators suggest Torrensville as a potential market for property investing. Remember, property investment success often lies in the details, with careful analysis leading the way.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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