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While COVID-19 clipped the wings of Sydney’s property market recovery, interrupting a solid rebound since the federal election in May 2019...
Property investors have seen a 3.7% gain in SURFERS PARADISE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SURFERS PARADISE, 4217 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 15.26%.
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 $1,472,500
Profits averaged 5.01% 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 $780 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 2.75%.
An average of 9.5 real estate transactions take place per month in SURFERS PARADISE which translates to 114 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,472,500 | $379,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.7% | 1.07% |
| Median 12 month | 15.26% | 0.4% |
| Median 3 years | 15.04% | -0.26% |
| Median 5 years | 17.8% | 11.47% |
| 10 years average annual | 1.52% | 0.04% |
| Weekly media advert. rent | $780 | $400 |
| Time on Market | 108.6 days | 100.2 days |
| Gross Rental Yield Percent | 2.75% | 5.49% |
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