Why diversification is the key to success as a property investor
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
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 16.17% for the past year.
Investors saw the median home price rise to $970,000.
Profits due to an upward trend in home prices in the suburb averaged 10.66% per annum over a 3-year period.
SUNRISE BEACH now ranks at the 35th 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 $625 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 70.6 days.
In 2016, 79 properties were sold in SUNRISE BEACH during the past year, making it the 90th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $970,000 | $520,000 |
| GROWTH REPORT | ||
| Median Quarterly | 11.49% | 0.68% |
| Median 12 month | 16.17% | -1.89% |
| Median 3 years | 31.97% | 18.62% |
| Median 5 years | 61.67% | 52.49% |
| 10 years average annual | 5.22% | 4.24% |
| Weekly media advert. rent | $625 | $450 |
| Time on Market | 70.6 days | 69.8 days |
| Gross Rental Yield Percent | 3.35% | 4.5% |
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