Southport has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.11% to date .
While Southport,4215 ranked number 471th in QLD for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.
The most recent median price for Southport is $545000, with sellers offering an average of -6.30% off the asking price.
Advertised rents are around the $460 mark per week – giving a return of 4.39% based on the median price in Suburb
Property value increases in Southport have tracked just higher than the QLD average of 0.65% over the last 12 months.
While Southport,4215 ranked number 98th in QLD for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.
Our latest figures would indicate that property sellers in Southport are currently offering property investors an average price cut of -6.65% below the asking price at the moment.
On average over the past year, suburb has had 81.67 sales per month, which equates to 980 per year.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 2.36%, investors should hope to achieve an overall return of 4.87%