Property investors who have had real estate in Surfers Paradise, 4217 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.00%
Comparing Surfers Paradise,4217 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
The most recent median price for Surfers Paradise is $1300000, with sellers offering an average of -10.57% off the asking price.
Investment property in Surfers Paradise 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 2.86%
Over the longer term, Surfers Paradise has seen property prices show investors a 0.84% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Surfers Paradise is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 64th in terms of most discounted suburbs in QLD
Advertised rents are around the $380 mark per week – giving a return of 5.49% based on the median price in Suburb