Suburb Profile
Surfers Paradise - FREE SUBURB PROFILE REPORT POSTAL CODE: QLD,4217
Property investors have seen a 2.75% 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 $1,400,000
Profits averaged 8.17% 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 $820 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 3.05%.
An average of 9.08 real estate transactions take place per month in SURFERS PARADISE which translates to 109 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,400,000 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.75% | -1.32% |
| Median 12 month | 3.7% | -2.6% |
| Median 3 years | 24.5% | 10.29% |
| Median 5 years | 23.35% | 5.19% |
| 10 years average annual | -0.34% | -0.44% |
| Weekly media advert. rent | $820 | $400 |
| Time on Market | 107.2 days | 97.8 days |
| Gross Rental Yield Percent | 3.05% | 5.55% |
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