PARADISE POINT, 4216 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling PARADISE POINT, 4216 values up and netting property investors a capital gain of 1.09% for the past year.
Investors saw the median home price rise to $1,016,000.
Profits due to an upward trend in home prices in the suburb averaged 7.18% per annum over a 3-year period.
PARADISE POINT now ranks at the 481st place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PARADISE POINT are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $750 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PARADISE POINT, homes and units usually stay on listing for an average of 78.6 days.
In 2016, 139 properties were sold in PARADISE POINT during the past year, making it the 737th most active market in QLD based on total real estate transactions.
PARADISE POINT ranks 161st in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
PARADISE POINT, 4216 has a capital gain of 15.37% for the past year, which is higher than average compared to its 32.45% growth within a five-year period.
PARADISE POINT, 4216 ranks 289th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.37% for property investors last year.
With the median home price in PARADISE POINT sitting at $702,000, and the average rent at $450, property owners could potentially earn a 3.33% increase in gross rental yield.
Property investors have seen a -3.34% drop in PARADISE POINT based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on PARADISE POINT, 4216 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 15.37%.
A survey of average capital gains or median home price increase in suburbs across the country shows that PARADISE POINT, 4216 obtained a 2.61% growth over a ten-year period. It ranks 1156th on our list of suburbs that property investors should look into.