Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Property investors have seen a 3.03% gain in SURFERS PARADISE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SURFERS PARADISE, 4217 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 13.33%.
Based on its average 5-year and quarterly capital gains SURFERS PARADISE, 4217 saw average growth in the long term.
The QLD suburb also 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 $1,700,000
Profits averaged 11.29% per annum over a 3-year period, due to an upward trend in home prices in SURFERS PARADISE, 4217.
This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 2.45%.
An average of 19.08 real estate transactions take place per month in SURFERS PARADISE which translates to 229 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.33%||17.5%|
|Median 3 years||33.86%||24.34%|
|Median 5 years||13.33%||25.33%|
|10 years average annual||3.4%||2.88%|
|Weekly media advert. rent||$800||$450|
|Time on Market||65.8 days||53.5 days|
|Gross Rental Yield Percent||2.45%||4.98%|