Birkdale has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.67% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Birkdale has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Birkdale are currently offering property investors an average price cut of -5.12% below the asking price at the moment.
Often selling an investment property can take time, and in Birkdale the average time real estate has been on the market is 67.74 days.
QLD has seen average median house prices change by 0.48% which means that Birkdale, 4159 has done well for property investors by showing a capital gain of -11.25% over the last year
Over the longer term, Birkdale has seen property prices show investors a -3.40% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Birkdale is giving property investors an average Vendor Discount of around -8.53%. This puts suburb at number 41th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 4.39%, investors should hope to achieve an overall return of 5.64%