Surfers Paradise

POSTAL CODE: QLD, 4217

HOUSE

UNIT

Property investors have seen a -7.26% 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 decrease 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 $1,200,000

Profits averaged -5.67% 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 $775 based on current median home prices for the suburb.

The gross rental yield in SURFERS PARADISE, 4217 is 3.36%.

An average of 16.08 real estate transactions take place per month in SURFERS PARADISE which translates to 193 per annum.

Property investments in SURFERS PARADISE fare well against the rest of the country last year, registering a median home price increase of 9.93%.

Figures from the previous quarter show that capital gains for real estate buyers in SURFERS PARADISE are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SURFERS PARADISE, 4217 saw average growth in the long term.

This means, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SURFERS PARADISE, homes and units usually stay on listing for an average of 58.1 days.

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 $775,000

Investors saw the median home price rise to $775,000.

SURFERS PARADISE ranks 119th on the list of best yielding suburbs for rental properties in QLD, posting a 4.83% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,200,000	$775,000
Growth Report
Median Quarterly	-7.26%	3.33%
Median 12 month	-16.96%	9.93%
Median 3 years	-17.74%	42.2%
Median 5 years	-13.36%	96.2%
10 years average annual	1.14%	8.4%
Weekly media advert. rent	$775	$720
Time on Market	71 days	58.1 days
Gross Rental Yield Percent	3.36%	4.83%

Demographics (Median Values)*

Total Population 18504

Weekly Household Income 916.3

Household Size 1.90

Average Age 38

Monthly Loan Repayment 1600

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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