Property investors have seen a 0.93% 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 $1,362,500
Profits averaged 6.55% 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 $700 based on current median home prices for the suburb.
The gross rental yield in SURFERS PARADISE, 4217 is 2.67%.
An average of 10.25 real estate transactions take place per month in SURFERS PARADISE which translates to 123 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.93%||2.7%|
|Median 3 years||19.65%||9.35%|
|Median 5 years||18.48%||7.04%|
|10 years average annual||-0.14%||-0.13%|
|Weekly media advert. rent||$700||$380|
|Time on Market||101.7 days||95.2 days|
|Gross Rental Yield Percent||2.67%||5.2%|