All About Torquay, Surf Coast, VIC, 3228

The housing market in Torquay, located in the Surf Coast region of Victoria, has experienced considerable growth over recent years, driven by its appealing coastal lifestyle, proximity to Melbourne, and increased desirability as a holiday destination. As more people seek lifestyle changes, the demand for residential properties in Torquay has surged, leading to rising property values and a competitive market environment. The town offers a mix of modern homes, beachside cottages, and spacious rural properties, catering to a diverse range of buyers. The market is characterized by high demand, particularly for properties with ocean views or those close to the beach, making it an attractive location for both investors and families looking for a permanent sea change.

Living in Torquay is synonymous with enjoying a laid-back, beach-centric lifestyle. The town, known as the gateway to the iconic Great Ocean Road, is famous for its stunning beaches, including Bells Beach, renowned for surfing. Torquay provides a seamless blend of natural beauty and a vibrant community atmosphere, making it appealing to both young professionals and retirees. Residents enjoy a rich array of outdoor activities, from surfing and swimming to hiking and cycling along picturesque trails. The town boasts a thriving community spirit, with numerous local events, markets, and festivals throughout the year. Moreover, Torquay offers an array of cafes, restaurants, and boutique shops, alongside essential amenities such as schools, medical facilities, and recreational centers, making it a self-sufficient and inviting place to call home.

Torquay Real Estate Market Outlook

Thinking about buying in Torquay? Now could not be a better time, with 12600 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,431,000 with prices in this suburb ranging from $58,000 to $8,001,000. Torquay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Torquay there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Torquay is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Torquay changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Torquay necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

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Public Transport

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General Points of Interest

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