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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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PimpamaPimpama - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains PIMPAMA, 4209 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that PIMPAMA, 4209 obtained a 3.26% growth over a ten-year period. It ranks 2834th on our list of suburbs that property investors should look into.
PIMPAMA, 4209 in QLD belongs to the local government area of Gold Coast (C).
PIMPAMA, 4209 has a capital gain of 10.27% for the past year, which is higher than average compared to its 14.15% growth within a five-year period.
With the median home price in PIMPAMA sitting at $510,000, and the average rent at $450, property owners could potentially earn a 4.59% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PIMPAMA are high, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | $397,500 |
| GROWTH REPORT | ||
| Median Quarterly | 5.37% | 3.25% |
| Median 12 month | 10.27% | 18.66% |
| Median 3 years | 10.03% | -0.35% |
| Median 5 years | 14.15% | 22.31% |
| 10 years average annual | 3.26% | 1.34% |
| Weekly media advert. rent | $450 | $400 |
| Time on Market | 43.2 days | 43.4 days |
| Gross Rental Yield Percent | 4.59% | 5.23% |
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