Property value increases in Marsden have tracked just higher than the QLD average of 2.22% over the last 12 months.
Across a shorter period, Marsden, 4132 has seen a median price increase of 2.90% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Marsden is offering property investors an average of -7.23. This rate of discount on properties puts Suburb at number 623th in terms of most discounted suburbs in QLD
Residents and property investors in Marsden have been waiting around 53.33 days to sell a property.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
With a capital gain of -15.06% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual 3.81% property growth over the last 5 years.
The five-year average increase in median property values for Marsden,4132 has given property investors a potential capital gain of -12.69% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.79% offered to property buyers. Sellers in Marsden itself are offering an average vendor discount of -5.41% to real estate investors.
In the last year 35 properties changed hands in Marsden, which puts it as the 219th most active market in QLD when comparing the number of sales per suburb.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 6.27%, without taking into account capital value appreciation, which has been averaging out at 3.81%.
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.