torquay

3228, Victoria

Real Estate & Property Information

Median
Price Rank
195

torquay Suburb Profile & Review

Torquay marks the beginning of the famous Great Ocean Road, which boasts some 200km of Australia's best scenery. The town is situated just eighty minutes from Melbourne and twenty-five minutes from Geelong. There is a V/Line bus stop on the Warrnambool-Geelong line, and from Geelong passengers can catch a train to Melbourne. Torquay is home to three schools: Torquay College Primary School, St Therese Catholic Primary and Surf Coast Secondary College.

Just next door is Bells Beach, home to the Rip Curl Pro, the world's longest running surfing competition and a major event on the world surfing calendar. Torquay is largely a summer town, and there is a major influx of residents during the school summer holidays.

Some of the most famous and successful surf companies were born in Torquay, including Rip Curl and Quiksilver. Flagship stores for these and many other retailers are found in Surf Coast Plaza. Gilbert Street is the place to go for restaurants, cafes and more shopping, and up Pearl Street there are even more exciting retailers.

torquay Demographic Data

$ 567,500 Median House Price

76 Minutes Average Commute

38 Median Age

10,142 Population

51.10 % Female

48.90 % Male

2738 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in torquay, Victoria.

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torquay Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

torquay Median House Prices

  • 2008 $ 430,000
  • 2009 $ 493,500
  • 2010 $ 460,500
  • 2011 $ 527,000
  • 2012 $ 567,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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torquay 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in torquay have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term torquay property price predictions.

torquay Market Property Types

  • 84 % Seperate House
  • 8 % Semi Detached
  • 9 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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torquay Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

torquay Income & Mortgage Stats

  • $ 1,430 Median Weekly Household Income
  • $ 2,167 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in torquay

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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torquay Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

torquay Sold Property Prices

torquay Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

torquay Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

torquay Restaurants

  • Zeallys35 The Esplanadetorquay VIC 322803 5261 3492
  • Hanners2 Sands Boulevardtorquay VIC 322803 5264 3310
  • Growlers23 The Esplanadetorquay VIC 322803 5264 8455

torquay Cafes

  • Front Beach Cafe16 The Esplanadetorquay VIC 322803 52619752
  • Growlers23 The Esplanade torquay VIC 322803 5264 8455
  • Villa and Hut KafeShop T1, Bristol Roadtorquay VIC 322803 5264 7288

torquay Schools

  • St. Therese Primary SchoolGrossmans RoadÊtorquay VIC 3228(03) 5261 4246Catholic Primary School
  • Torquay College P-9 45-55 Grossmans Rdtorquay VIC 3228(03) 5261 2360State Primary School
  • Surf Coast Secondary College35 Grossmans Roadtorquay VIC 3228(03) 5261 6633State Secondary College

torquay Childcare

  • ABC Learning Centre86 Beach Roadtorquay VIC 3228
  • Kids Club Childcare3-5 Attunga Drtorquay VIC 3228
  • Torquay Montessori Centre21 Henty Streettorquay VIC 3228

torquay Kindergarten and Preschools

  • Torquay Kindergarten27 Grossmans Rdtorquay VIC 3228

torquay Sporting Centres and Clubs

  • Torquay Motor Yacht & Anglingtorquay VIC 3228Boating Club
  • Torquay Sailing Clubtorquay VIC 3228Boating Club
  • Torquaytorquay VIC 3228Tennis Club & Courts

torquay Retirement Villages

  • Greenleaftorquay VIC 3228
  • Lions Villagetorquay VIC 3228

Find out How Much your House is Worth in torquay

Request a free market Basic Report for torquay to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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