Property investments in SUNSHINE BEACH fare well against the rest of the country last year, registering a median home price increase of 18.53%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, 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 $615 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 127.5 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 $1,375,000.
SUNSHINE BEACH ranks 740th on the list of best yielding suburbs for rental properties in QLD, posting a 2.33% return.
Profits due to an upward trend in home prices in SUNSHINE BEACH, 4567 averaged 11.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $472.5 mark, reflecting a 3.48% increase in returns based on the current median price in SUNSHINE BEACH.
An average of 7.25 real estate transactions take place per month in SUNSHINE BEACH which translates to 87 per annum.
87 properties were sold in SUNSHINE BEACH during the past year, making it the 24th most active market in QLD based on total real estate transactions.
SUNSHINE BEACH, 4567 places 124th in Australia based on median property value growth during the quarter.
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