How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors have seen a 1.59% 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 $1,280,000
Profits averaged -1.73% 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 $695 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 2.82%.
An average of 8.67 real estate transactions take place per month in SURFERS PARADISE which translates to 104 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,280,000 | $372,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.59% | 0.54% |
| Median 12 month | 7.56% | 0.54% |
| Median 3 years | -5.19% | 0.68% |
| Median 5 years | 11.3% | 6.29% |
| 10 years average annual | 0.05% | 0.11% |
| Weekly media advert. rent | $695 | $405 |
| Time on Market | 97.3 days | 102.3 days |
| Gross Rental Yield Percent | 2.82% | 5.63% |
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