Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Property investors have seen a -0.29% 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 $1,183,000
Profits averaged -1.14% 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 $680 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 2.99%.
An average of 10.33 real estate transactions take place per month in SURFERS PARADISE which translates to 124 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,183,000 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.29% | 1.35% |
| Median 12 month | -5.36% | -1.32% |
| Median 3 years | -3.43% | 5.63% |
| Median 5 years | 1.98% | 5.63% |
| 10 years average annual | -2.98% | -0.55% |
| Weekly media advert. rent | $680 | $400 |
| Time on Market | 90.6 days | 90.5 days |
| Gross Rental Yield Percent | 2.99% | 5.55% |
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