Housing market reached turning point mid-2019
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Property investors have seen a 2.56% gain in SURFERS PARADISE based on an increase 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 $1,300,000
Profits averaged -4.44% per annum over a 3-year period, due to an downward trend in home prices in SURFERS PARADISE, 4217.
This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 3.12%.
An average of 9.92 real estate transactions take place per month in SURFERS PARADISE which translates to 119 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,300,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.56% | -0.54% |
| Median 12 month | 5.65% | -1.99% |
| Median 3 years | -13.33% | -1.6% |
| Median 5 years | 9.47% | 9.63% |
| 10 years average annual | 1.12% | 0.08% |
| Weekly media advert. rent | $780 | $410 |
| Time on Market | 102.7 days | 106.1 days |
| Gross Rental Yield Percent | 3.12% | 5.76% |
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