Property investors who have had real estate in Surfers Paradise, 4217 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.50%
A -10.34% growth in median value for property investors in Surfers Paradise,4217 puts this suburb at number 772th in terms of best performing suburbs in QLD
The most recent median price for Surfers Paradise is $1170000, with sellers offering an average of -11.58% off the asking price.
In the last year 151 properties changed hands in Surfers Paradise, which puts it as the 125th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $630 mark per week – giving a return of 2.80% based on the median price in Suburb
If you compare the increase in value of investment property in Surfers Paradise, 4217 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.50%.
Surfers Paradise,4217 has offered an average of -0.50% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Surfers Paradise is offering property investors an average of -5.58. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in QLD
With the median price for a house in Surfers Paradise being $345000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 5.65%