Over the last year, property investments in Marsden, 4132 have given investors a capital gain of 7.01%. This compares favourably with the 1.98% for QLD as a whole.
While Marsden,4132 ranked number 150th in QLD for increase in median house value (annualised) increase, it is ranked 427th over the last 5 years.
Our latest figures would indicate that property sellers in Marsden are currently offering property investors an average price cut of -5.13% below the asking price at the moment.
On average over the past year, suburb has had 20.08 sales per month, which equates to 241 per year.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.
Giving property investors a a poor capital gain of -15.66% for the last year, Marsden, 4132 is the 1657th highest performer in Australia in this respect.
Marsden,4132 was ranked 1673 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Marsden is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 145th in terms of most discounted suburbs in QLD
Marsden is 74th on a list of best yielding suburbs for rents in QLD with a 6.31% return
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.