Property value increases in Marsden have tracked close to the QLD average of 2.11% over the last 12 months.
If we look at median property appreciation over just the last three months, Marsden has given property investors a paper return of 0.74%. This puts Suburb as 370 on a list of fastest fasting appreciating suburbs in QLD
Marsden4132 is located in QLD which offers an average discount of -7.29% to property investors. Marsden itself is showing figures that indicate -5.02% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Marsden have been waiting around 59.71 days to sell a property.
Advertised rents are around the $370 mark per week – giving a return of 5.35% based on the median price in Suburb
QLD has seen average median house prices change by 1.12% which means that Marsden, 4132 has done well for property investors by showing a capital gain of -17.92% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Marsden comes in at number 344th in QLD.
Property investors looking for a bargain in Marsden should be aiming for at least -5.82% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
The QLD suburb of Marsden, 4132 is in the Logan local government area.
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.