Investment property in Marsden has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.44%
Comparing Marsden,4132 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 699th of QLD’s most discounted properties, Marsden is in the TOP 20% of the state/territory when listing in order of most discounted to least.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 5.16%, without taking into account capital value appreciation, which has been averaging out at 3.79%.
Marsden has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -10.78% to date .
While Marsden,4132 ranked number 86th in QLD for increase in median house value (annualised) increase, it is ranked 288th over the last 5 years.
Sellers are offering property buyers an average discount of -6.55% to buyers in Marsden at the moment, which is less than average for the rest of QLD.
With the median price for a house in Marsden being $273250 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 6.47%
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.