With a capital gain of 4.21% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual 4.71% property growth over the last 5 years.
Marsden,4132 has offered an average of 4.21% return per annum in house price rises to property investors over the last three years.
At number 665th of QLD’s most discounted properties, Marsden is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Marsden is 173th on a list of best yielding suburbs for rents in QLD with a 5.33% return
Over the last year, property investments in Marsden, 4132 have given investors a capital gain of -18.80%. This compares very badly with the 0.98% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marsden has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Marsden 4132 should be seeing an average reduction in asking price of around -5.87% . This means that Marsden is holding prices well when compared to other suburbs in QLD.
Marsden is 61th on a list of best yielding suburbs for rents in QLD with a 6.36% 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.