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Torwood, VIC 3821
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,190,000
list-price estimate
Median Unit
$570,000
list-price estimate
Gross Yield (houses)
2.6%
1yr Growth
-
Investment snapshot for Torwood
Torwood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Torwood market and investor summary
In Torwood, VIC 3821, houses show a gross rental yield of 2.6%. At 12.6% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 12.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 258 days on market, so plan for a slower exit if you ever need one.
Living in Torwood: people, income and schools
Torwood has a resident population of roughly 49, and the area has been growing steadily, up about 13% over five years. The median age is 50, an older, established demographic, and 88% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $136,000 a year, or roughly $2,620 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 49
- +13% over 5yr
- Median age
- 50 years
- Median household income
- $136,000/yr
- Households renting
- 8%
- Family households
- 100%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1001
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Torwood
No properties currently listed in Torwood
Search Torwood listings →Frequently asked questions about Torwood
What should I check before investing in Torwood?
Torwood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Torwood show?
The gross rental yield in Torwood is 2.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Torwood?
The current vacancy rate in Torwood is 12.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Torwood?
Torwood has a population of approximately 49 residents, with a median age of 50.
What schools are near Torwood?
There are 1 school within roughly 5km of Torwood. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Torwood's population growing?
The population of Torwood has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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