SUNRISE BEACH, 4567 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling SUNRISE BEACH, 4567 values up and netting property investors a capital gain of 8.71% for the past year.
Investors saw the median home price rise to $780,000.
Profits due to an upward trend in home prices in the suburb averaged 10.44% per annum over a 3-year period.
SUNRISE BEACH now ranks at the 586th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SUNRISE BEACH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $570 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SUNRISE BEACH, homes and units usually stay on listing for an average of 79.0 days.
In 2016, 75 properties were sold in SUNRISE BEACH during the past year, making it the 102nd most active market in QLD based on total real estate transactions.
SUNRISE BEACH ranks 56th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
SUNRISE BEACH, 4567 has a capital gain of 22.35% for the past year, which is higher than average compared to its 47.52% growth within a five-year period.
SUNRISE BEACH, 4567 ranks 127th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.35% for property investors last year.
With the median home price in SUNRISE BEACH sitting at $520,000, and the average rent at $427.5, property owners could potentially earn a 4.28% increase in gross rental yield.
Property investors have seen a 2.46% gain in SUNRISE BEACH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SUNRISE BEACH, 4567 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 22.35%.
A survey of average capital gains or median home price increase in suburbs across the country shows that SUNRISE BEACH, 4567 obtained a 4.49% growth over a ten-year period. It ranks 768th on our list of suburbs that property investors should look into.