PARADISE POINT, 4216 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,000,000.
Profits due to an upward trend in home prices in the suburb averaged 4.12% per annum over a 3-year period.
PARADISE POINT now ranks at the 661st 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 87.7 days.
In 2016, 146 properties were sold in PARADISE POINT during the past year, making it the 706th most active market in QLD based on total real estate transactions.
PARADISE POINT ranks 205th 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 5.22% for the past year, which is higher than average compared to its 25.44% growth within a five-year period.
With the median home price in PARADISE POINT sitting at $715,000, and the average rent at $450, property owners could potentially earn a 3.27% increase in gross rental yield.
Property investors have seen a 2.14% gain in PARADISE POINT based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that PARADISE POINT, 4216 obtained a 3.05% growth over a ten-year period. It ranks 985th on our list of suburbs that property investors should look into.