Marsden has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.22% to date .
While Marsden,4132 ranked number 389th in QLD for increase in median house value (annualised) increase, it is ranked 361th over the last 5 years.
The most recent median price for Marsden is $363000, with sellers offering an average of -4.73% off the asking price.
The QLD suburb of Marsden, 4132 is in the Logan local government area.
Marsden, 4132 ranked 350th in QLD when comparing growth in median property values or capital gain over the last 12 months. Marsden is one of 2415 in our list for QLD
Marsden,4132 has offered an average of -17.92% return per annum in house price rises to property investors over the last three years.
Marsden4132 is located in QLD which offers an average discount of -6.05% to property investors. Marsden itself is showing figures that indicate -5.49% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Marsden the average time real estate has been on the market is 90.89 days.
Situated 18.22km from the CBD, Marsden is one of Logan localities in the postcode 4132.
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.