PEREGIAN BEACH, 4573 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 PEREGIAN BEACH, 4573 values up and netting property investors a capital gain of 5.72% for the past year.
Investors saw the median home price rise to $785,000.
Profits due to an upward trend in home prices in the suburb averaged 6.99% per annum over a 3-year period.
PEREGIAN BEACH now ranks at the 387th 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 PEREGIAN 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 $650 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 PEREGIAN BEACH, homes and units usually stay on listing for an average of 81.9 days.
In 2016, 90 properties were sold in PEREGIAN BEACH during the past year, making it the 30th most active market in QLD based on total real estate transactions.
PEREGIAN BEACH ranks 38th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
PEREGIAN BEACH, 4573 has a capital gain of 40.97% for the past year, which is higher than average compared to its 69.73% growth within a five-year period.
PEREGIAN BEACH, 4573 ranks 6th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 40.97% for property investors last year.
With the median home price in PEREGIAN BEACH sitting at $628,000, and the average rent at $600, property owners could potentially earn a 4.97% increase in gross rental yield.
Property investors have seen a -0.16% drop in PEREGIAN BEACH based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on PEREGIAN BEACH, 4573 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 40.97%.
A survey of average capital gains or median home price increase in suburbs across the country shows that PEREGIAN BEACH, 4573 obtained a 6.11% growth over a ten-year period. It ranks 510th on our list of suburbs that property investors should look into.