Thinking about buying in Mount Torrens? Now could not be a better time, with a whopping 552 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $954,000 with prices in this suburb ranging from $168,000 to $1,934,000.Distance to the coast is 32 Km.
Consistent high demand relative to supply is a key feature in Mount Torrens driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mount Torrens ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Mount Torrens provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Mount Torrens requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$335.00|
|Median Monthly Mortgage||$1554.50|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.86|
|Average Properties Within 50M||4.00|
|110 MAGAREY RD, MOUNT TORRENS, SA, 5244||4||2||2||Under Offer|
Domino Servite College(While the above schools are located with the suburb of Mount Torrens there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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