Investment property in Arundel 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 4.76%
Across a shorter period, Arundel, 4214 has seen a median price increase of 2.33% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Arundel is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 695th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.42%, investors should hope to achieve an overall return of 4.73%
QLD has seen average median house prices change by 1.47% which means that Arundel, 4214 has done well for property investors by showing a capital gain of 3.13% over the last year
While Arundel,4214 ranked number 88th in QLD for increase in median house value (annualised) increase, it is ranked 154th over the last 5 years.
Property investors looking for a bargain in Arundel should be aiming for at least -4.15% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Arundel have been waiting around 71.09 days to sell a property.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 5.83%, without taking into account capital value appreciation, which has been averaging out at 2.60%.