Torrens Park
A median house price of $2,340,000 in a suburb of just 2,687 people places Torrens Park firmly in South Australia's top tier, yet the income profile that sustains it is equally striking: household income sits in the 82.3rd percentile nationally. The suburb scores decile 10 on both IRSD and IRSAD, the highest advantage tier nationally, and decile 9 on IEO and IER. University qualifications reach 60.0% of residents, which is 29.9 percentage points above the national figure. With 41.7% of homes owned outright and only 20.1% renting, Torrens Park carries the hallmarks of deep, established wealth rather than leveraged aspiration.
Population
2,687
Median Age
43.0
Household IncomeiMedian weekly household income (ABS Census)
$2,165/wk
DAs (12 months)iDevelopment Applications lodged in the past year
43
Median House
$2.3M
Median 1Q 2026
The median house price reached $2,340,000 in the first quarter of 2026, up 4.0% from $2,250,000 a year earlier. Stock is predominantly separate houses at 69.1%, giving buyers a genuine detached-home market compared with more apartment-heavy inner suburbs. Bedroom mix skews toward larger homes: 37.4% have 3 bedrooms and 35.8% have 4 or more. Monthly mortgage repayments average $2,167, and the mortgage-to-income ratio sits at 23.1%, below the 30% stress threshold despite the premium price point. That affordability reading reflects the suburb's high-income base rather than modest prices. Outright owners make up 41.7% of households, well above the national average, signalling that a large share of the market is settled, debt-free wealth.
For Buyers
The median house price reached $2,340,000 in the first quarter of 2026, up 4.0% from $2,250,000 a year earlier. Stock is predominantly separate houses at 69.1%, giving buyers a genuine detached-home market compared with more apartment-heavy inner suburbs. Bedroom mix skews toward larger homes: 37.4% have 3 bedrooms and 35.8% have 4 or more. Monthly mortgage repayments average $2,167, and the mortgage-to-income ratio sits at 23.1%, below the 30% stress threshold despite the premium price point. That affordability reading reflects the suburb's high-income base rather than modest prices. Outright owners make up 41.7% of households, well above the national average, signalling that a large share of the market is settled, debt-free wealth.
For Investors
The investment case for Torrens Park is primarily a capital-growth story rather than yield. Weekly rent of $330 against a $2,340,000 median implies a gross yield well below 1%, making cash-flow returns marginal. The 6.8% vacancy rate is elevated and warrants attention, though it may reflect the low renter share of 20.1% across a small suburb. Net overseas migration adds 24 residents a year while net internal migration removes 20, producing thin natural growth. Development activity is active at 42 applications in the past 12 months, mostly alterations and pool work on premium homes rather than new supply. Annual price growth of 4.0% over the past year outpaces inflation, and the decile 10 IRSAD ranking provides long-term demand support from high-income buyers.
Development Activity
Total DAs
263
Last 12 Months
43
YoY ChangeiYear-over-year change in DA lodgements
-4.4%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Torrens Park iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Scotch College
R-12 · 1213 students
Demographics
The median age is 43, which is 3.0 years above the national figure, consistent with the established, equity-rich profile. University qualifications at 60.0% run 29.9 percentage points above national, among the highest concentrations in South Australia. Overseas-born residents account for 23.3%, which is 1.7 points above national. Ancestry is strongly Anglo-Celtic: English (1,167 residents) leads, followed by Scottish (408) and Irish (295), with German (217) also notable. The average household size of 2.5 matches the national figure. Couples with children (866 families) outnumber couples without (574), while single-parent families are absent from this dataset. The volunteering rate of 24.8% is high, suggesting strong community engagement among the older, professional resident base.
Age Distribution
Bedrooms
Dwelling Structure
69.1%
Houses
13.6%
Townhouse
17.3%
Apartment
Tenure
Tenure structure reflects long-term wealth accumulation: 41.7% own outright, 38.2% carry a mortgage and just 20.1% rent, meaning owner-occupiers account for nearly 80% of households. Separate houses dominate at 69.1%, with apartments at 17.3% and semi-detached at 13.6%. The bedroom distribution favours family-sized homes: 35.8% have 4 or more bedrooms and 37.4% have 3, compared with only 24.4% having 2. Price history shows steady gains from $2,250,000 in Q1 2025 to $2,340,000 in Q1 2026, a 4.0% rise. The mortgage-to-income ratio of 23.1% and rent-to-income ratio of 15.2% both sit below standard stress thresholds, which is unusual at this price level and reflects the suburb's above-average household incomes in the 82.3rd percentile nationally.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,167
Rent / wk
$330
HH Size
2.5
Personal Income / wk
$1,001
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
6.8%
Unoccupied
74
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
15.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
23.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
27.0%
Couples, no children
2,123
Total families
Economy & Employment
Healthcare dominates local employment at 24.1% of workers (261 people), followed by Professional/Tech at 14.7% (159) and Education at 14.3% (155). Public Administration accounts for 6.7% and Construction 4.9%. By occupation, Professionals are the largest group (552), more than double the Managers count (276), which aligns with the suburb's decile 9 IEO score for education and occupation. The unemployment rate is 4.6% and the full-time employment rate is 59.6%, with 545 residents employed part-time. Personal weekly income of $1,001 and family weekly income of $2,886 sit well above state averages. Real income grew 13.9% over the decade, and all four SEIFA indexes score at decile 9 or 10, confirming this is one of South Australia's highest-advantage communities.
Unemployment
2.9%
Labour Force
1,352
Unemployed
39
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
59.6%
Part-time
35.8%
Participation
63.1%
Employed
1,350
Occupations
Top Industries
University
60.0%
Postgraduate
18.7%
Born Overseas
23.3%
Dwellings
1,024
Transport to Work
Transport patterns lean heavily on the car: 83.6% of residents drive to work, above the national average, while only 6.6% use public transport and 4.1% walk or cycle. This reflects the suburb's low-density, family-house character rather than poor infrastructure. Safety data shows 102 recorded crimes in the period, giving a rate of 38.0 per 1,000 residents, though breakdown by category is not available. The IRSAD decile 10 ranking and a need-for-assistance rate of just 3.8% (101 residents) indicate very low levels of disadvantage. The rent-to-income ratio of 15.2% keeps rental housing well affordable for those who do rent. No schools are recorded within the suburb boundary in this dataset, so families access schools in neighbouring areas, a common pattern for small, established suburbs of 1.53 square kilometres.
Drive
83.6%
Public Transport
6.6%
Walk / Cycle
4.1%
Work from Home
N/A
Population Forecast
+0.49%/yr
(+12 people/yr)
EstablishedPopulation growth is gradual rather than dramatic: the annual rate is 0.49%, adding approximately 12 people per year. Over the past decade, the suburb grew 6.2%, moving from around 2,531 to 2,687. Historical data shows slight dips (2,451 in 2023, 2,441 in 2024) before recovering to 2,470 in 2025, and the medium forecast projects steady growth to 2,509 by 2031. The migration balance is nearly neutral, with overseas arrivals averaging 24 per year and internal departures averaging 20. The trajectory is classified as Stable, and rent grew 29.2% over the period, outpacing the modest population change. The gentrification score of 15 places the suburb in the not gentrifying stage, which is expected given it already scores at the top advantage decile nationally.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+24
Net Internal / yr
-20
Gentrification Signal
Not gentrifying
Accelerating: -5% → 12%
Safety & Crime
Total Offences
102
Year ending June 2024
Rate per 1,000 People
38.0
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Torrens Park compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Torrens Park a good suburb to live in?
Torrens Park scores decile 10 on IRSAD and IRSD nationally, the highest advantage tier, with household income in the 82.3rd percentile. University qualifications reach 60.0%, nearly 30 points above national. The main consideration is price: the median house is $2,340,000, making it one of South Australia's most expensive suburbs.
What is the median house price in Torrens Park?
The median house price is $2,340,000 as of Q1 2026, up 4.0% from $2,250,000 in Q1 2025. Monthly mortgage repayments average $2,167 and the mortgage-to-income ratio is 23.1%, below the standard stress threshold. Weekly rent averages $330.
What schools are in Torrens Park?
No schools are recorded within the Torrens Park boundary in this dataset. Families access schools in neighbouring suburbs. Locally, 60.0% of residents hold university qualifications, which is 29.9 percentage points above the national figure, reflecting the suburb's highly educated adult population.
Is Torrens Park safe?
Torrens Park recorded 102 crimes in the reference period, a rate of 38.0 per 1,000 residents. As a broader indicator, the suburb scores decile 10 on IRSD nationally (highest advantage tier), and only 3.8% of its 2,687 residents need daily assistance, both consistent with a low-disadvantage area.
Is Torrens Park good for property investment?
At $2,340,000 median with $330 weekly rent, gross yield is below 1%, so cash flow is thin. Annual price growth was 4.0% over the past year and rent grew 29.2% over the decade. Net overseas migration of 24 per year supports demand, though the 6.8% vacancy rate and 20.1% renter share indicate a small rental market.
How is Torrens Park's population changing?
Population grows at 0.49% annually, adding about 12 residents per year. The 10-year rise was 6.2%, reaching 2,687. Medium forecasts project 2,509 by 2031. Migration is nearly balanced, with 24 overseas arrivals and 20 internal departures per year on average.
How much development is happening in Torrens Park?
There were 42 development applications lodged in the past 12 months. Most are performance-assessed works such as two-storey dwellings, alterations, and swimming pool installations rather than new multi-unit supply, consistent with a 69.1% separate-house suburb at the premium end of the market.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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