Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Based on its average 5-year and quarterly capital gains MERMAID BEACH, 4218 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MERMAID BEACH, 4218 obtained a 9.75% growth over a ten-year period. It ranks 68th on our list of suburbs that property investors should look into.
MERMAID BEACH, 4218 in QLD belongs to the local government area of Gold Coast (C).
MERMAID BEACH, 4218 has a capital gain of 49.92% for the past year, which is higher than average compared to its 61.92% growth within a five-year period.
With the median home price in MERMAID BEACH sitting at $2,275,000, and the average rent at $900, property owners could potentially earn a 2.06% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MERMAID BEACH are low, as opposed to average gains per annum over the past five years.
A 49.92% increase in median property prices in MERMAID BEACH, 4218 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 38th.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||49.92%||30.53%|
|Median 3 years||62.5%||44.19%|
|Median 5 years||61.92%||57.96%|
|10 years average annual||9.75%||5.89%|
|Weekly media advert. rent||$900||$550|
|Time on Market||46.1 days||35.2 days|
|Gross Rental Yield Percent||2.06%||4.61%|