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Property investors have seen a -3.57% drop in SURFERS PARADISE based on a decrease in median home prices for the past three months.
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 $1,350,000
Profits averaged 2.67% 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 $850 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 3.27%.
An average of 8.5 real estate transactions take place per month in SURFERS PARADISE which translates to 102 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,350,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.57% | -1.53% |
| Median 12 month | 0% | -3.52% |
| Median 3 years | 8% | 7.25% |
| Median 5 years | 17.65% | 2.78% |
| 10 years average annual | -0.76% | -0.79% |
| Weekly media advert. rent | $850 | $400 |
| Time on Market | 114.9 days | 99.2 days |
| Gross Rental Yield Percent | 3.27% | 5.62% |
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