Property investors who have had real estate in Marsden, 4132 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.35%
Across a shorter period, Marsden, 4132 has seen a median price increase of 0.14% over the last quarter.
At number 660th 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.
Often selling an investment property can take time, and in Marsden the average time real estate has been on the market is 60.27 days.
Marsden, 4132’s gross rental yield is 5.34%
Property value increases in Marsden have tracked lower than the QLD average of 0.65% over the last 12 months.
Over the longer term, Marsden has seen property prices show investors a -18.73% return over the last 3 years. This is worse than over the last 12 months
Marsden4132 is located in QLD which offers an average discount of -6.14% to property investors. Marsden itself is showing figures that indicate -5.09% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $330 mark per week – giving a return of 6.38% based on the median price in Suburb
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.