Get a property report and suburb profile for any property in Torquay

Torquay is a coastal suburb of Hervey Bay centred on a sheltered foreshore and a long beachfront esplanade with walking paths, playgrounds and casual cafés. Calm bay waters suit swimming, beach days and whale watching in season, and the streets are predominantly low-rise, mixing older beach cottages, holiday apartments and newer units. The community of 6,533 has a median age of 55 and leans towards retirees and seaside families; most homes are owner-occupied (about 61%) while roughly 39% are rented.

Everyday essentials are close by with local parks and shops, and the wider services of Hervey Bay, including the marina and airport, within easy reach. The council has been investing in local infrastructure, from upgraded lighting on the Mary to Bay Rail Trail to road works and options to improve the foreshore caravan park, and the nearby hospital is being expanded. Whether Torquay suits you will come down to whether a settled, beachside suburb with that mix of housing and amenities matches what you want.

Buying looks especially stretched in Torquay. A median house price of $823,625 is about 17.3 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above local incomes.

Renting also takes a large share of a typical household's weekly income at the last Census: a house rent of $580 a week is about 63.2% of a $917 weekly household income, and a unit rent of $510 a week is about 55.6%.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Values and rents in Torquay have both risen over the past year. Unit values climbed 18.8%, a strong increase, while house values rose 13.3%, also a strong gain but notably smaller than units. Rents moved up too: house rents rose 11.5% and unit rents rose 10.9%, both strong increases, with house rents edging ahead of unit rents by a slight margin. Put simply, capital growth has been strongest on the unit side this year, while rental income grew strongly for both property types; how that balance fits your investment objectives is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.