QLD has seen average median house prices change by 2.41% which means that Marsden, 4132 has done well for property investors by showing a capital gain of 4.64% 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 339th in QLD.
Marsden4132 is located in QLD which offers an average discount of -7.10% to property investors. Marsden itself is showing figures that indicate -4.78% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $365 mark per week – giving a return of 5.26% based on the median price in Suburb
If you compare the increase in value of investment property in Marsden, 4132 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -17.93%.
Property investors looking for a bargain in Marsden should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Marsden the average time real estate has been on the market is 118.1 days.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
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.