Wage subsidy to ‘relieve financial pressure’ for tenants and landlords
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Property investors have seen a 0.36% gain in PACIFIC PARADISE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PACIFIC PARADISE, 4564 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $493,750
Profits averaged 5.62% per annum over a 3-year period, due to an upward trend in home prices in PACIFIC PARADISE, 4564.
This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
The gross rental yield in PACIFIC PARADISE, 4564 is 4.84%.
An average of 3 real estate transactions take place per month in PACIFIC PARADISE which translates to 36 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $493,750 | $364,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.36% | -1.42% |
| Median 12 month | 4.61% | -1.49% |
| Median 3 years | 16.86% | 15.35% |
| Median 5 years | 26.6% | 27.89% |
| 10 years average annual | 3.31% | 4.42% |
| Weekly media advert. rent | $460 | $390 |
| Time on Market | 26.9 days | 0.0 days |
| Gross Rental Yield Percent | 4.84% | 5.56% |
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