At number 1605th in the list of Australian suburbs ordered by increase in median house value over the last year, Pimpama, 4209 is in the top 40% with a property value increase of 9.72% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pimpama has increased when compared to the 5 year average annual rate.
Pimpama4209 is located in QLD which offers an average discount of -6.86% to property investors. Pimpama itself is showing figures that indicate -4.32% is the average achievable by property buyers investing in the suburb.
At number 1807 in a list of fastest selling suburbs, Pimpama is just in the top half of suburbs in Australia with an average of days on market 73.21 for properties listed there.
Pimpama is in the bottom 10% in QLD when comparing median price capital growth over the last year. Pimpama gave property investors a dismal capital gain figure when compared to the rest of the state, with -20.34%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pimpama has fallen somewhat when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Pimpama itself are offering an average vendor discount of -6.28% to real estate investors.
Situated 18.42km from the CBD, Pimpama is one of Gold Coast localities in the postcode 4209.
The northern Gold Coast suburb of Pimpama has seen growth come with its urbanisation. The unit market, in particular, has become popular in recent years.Full summary
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The northern Gold Coast suburb of Pimpama has seen growth come with its urbanisation. The unit market, in particular, has become popular in recent years. The high rental yield of 5.4% for apartments appeals to investors, in this central area that is considered the midway point between Brisbane and Surfers Paradise.
Following a slump in recent years, houses are beginning to recover and increase in value again, with the median price clocking in at $423,125. In terms of population growth, the Australian Bureau of Statistics reported that in the 2014-2015 period, Pimpama was the fastest-growing region in Queensland.
It helps that various convenient amenities have been established here, including many schools and sports facilities. Many plans are also in place to improve the shopping district.