Property investments in SUNSHINE BEACH did not fare well against the rest of the country last year, registering a median home price decrease of 29%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains SUNSHINE BEACH, 4567 saw average growth in the long term.
Real estate investors could earn a rental income of $950 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 86.8 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $3,225,000.
SUNSHINE BEACH ranks 748th on the list of best yielding suburbs for rental properties in QLD, posting a 1.53% return.
Based on its average 5-year and quarterly capital gains SUNSHINE BEACH, 4567 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an downward trend in home prices in SUNSHINE BEACH, 4567 averaged -0.13% per annum over a 3-year period.
Average weekly rents on listings have reached the $740 mark, reflecting a 2.99% increase in returns based on the current median price in SUNSHINE BEACH.
An average of 3.67 real estate transactions take place per month in SUNSHINE BEACH which translates to 44 per annum.
44 properties were sold in SUNSHINE BEACH during the past year, making it the 108th most active market in QLD based on total real estate transactions.
SUNSHINE BEACH, 4567 places 384th in Australia based on median property value growth during the quarter.