Property investors have seen a 0% 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 $1,350,000
Profits averaged 5.8% 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 $650 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 2.5%.
An average of 11.5 real estate transactions take place per month in SURFERS PARADISE which translates to 138 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.85%||4.28%|
|Median 3 years||17.39%||6.86%|
|Median 5 years||8%||6.48%|
|10 years average annual||-0.38%||-0.18%|
|Weekly media advert. rent||$650||$380|
|Time on Market||102.4 days||89.8 days|
|Gross Rental Yield Percent||2.5%||5.23%|