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 Price | $1,350,000 | $378,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.53% |
| 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% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...