Property investors enjoyed capital gains of 1.92% over the last 12 months in PACIFIC PINES, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in PACIFIC PINES are low, as opposed to average gains per annum over the past five years.
The suburb posted a 13.86% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 4.91% increase in returns based on the current median price in PACIFIC PINES.
PACIFIC PINES, 4211 ranks 484th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 282nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.91% return.
Property investors have seen a -1.36% drop in PACIFIC PINES based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PACIFIC PINES, 4211 saw average growth in the long term.
PACIFIC PINES, 4211 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $362,500.
Profits due to an upward trend in home prices in PACIFIC PINES, 4211 averaged 0.99% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in PACIFIC PINES, 4211 is 6.02%.
An average of 9.5 real estate transactions take place per month in PACIFIC PINES which translates to 114 per annum.
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