Marsden is an average performer in QLD when comparing median price capital growth over the last year. Marsden gave property investors a average capital gain figure when compared to the rest of the state, with 3.59%.
A 4.85% growth in median value for property investors in Marsden,4132 puts this suburb at number 460th in terms of best performing suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Marsden itself are offering an average vendor discount of -5.00% to real estate investors.
At number 817 in a list of fastest selling suburbs, Marsden is in the TOP 30% of suburbs in Australia with an average of days on market 55.45 for properties listed there.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 4.69%, investors should hope to achieve an overall return of 5.56%
With a capital gain of -6.63% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual 9.84% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Marsden comes in at number 298th in QLD.
Sellers are offering property buyers an average discount of -5.82% to buyers in Marsden at the moment, which is less than average for the rest of QLD.
Josh Brown of PRDnationwide tips Marsden as a great spot to pick up a discounted asset while buyers hold the upper hand. Sales activity has hit decade lows and the median price is beginning to taper off, he says, so it’s definitely a long-term play in terms of capital growth. In the meantime however, yields are strong and affordability is highFull summary
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Josh Brown of PRDnationwide tips Marsden a great spot to pick up a discounted asset while buyers hold the upper hand. Sales activity has hit decade lows and the median price is beginning to taper off, he says, so it’s definitely a long-term play in terms of capital growth. In the meantime however, yields are strong and affordability is high.
It’s an area that Hot Property Specialists’ Liz Wilcox has been doing a lot of buying in on behalf of her clients, and she notes that it’s one of Brisbane’s best areas for rental growth.
She adds however that it’s an area that still offers affordable rents to young families, and that it’s this demographic that investors will be looking to rent their property to.
“It’s worth targeting larger properties for the family market,” she says. “A four-bedroom, two-bathroom house will rent for $360 to $400.”
She advises that Marsden is an area where investors would do well to target newer houses that are under 10 years old, noting that they’ll have less maintenance issues than older properties and will attract the kind of tenant who will look after the property.
With this in mind, she suggests looking at First Avenue, Second Avenue and Third Avenue: all of which run north to south from Browns Plain Road up towards the Logan Motorway.
“There used to be big blocks there, but there are now a lot of newer homes,” she explains.
Other than its proximity to the Logan motorway, Marsden scores well on the transport front thanks to its proximity to Loganlea station which is around a 3km journey away and provides express trains to Brisbane and the Gold Coast.