Surfers Paradise, 4217 ranked 567th in QLD when comparing growth in median property values or capital gain over the last 12 months. Surfers Paradise is one of 2415 in our list for QLD
Surfers Paradise,4217 was ranked 3767 in Australia by increase in median property value over the quarter.
Property buyers and investors in Surfers Paradise 4217 should be seeing an average reduction in asking price of around -9.23% . This means that Surfers Paradise is holding prices well when compared to other suburbs in QLD.
In the last year 131 properties changed hands in Surfers Paradise, which puts it as the 156th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Surfers Paradise being $1300000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.60%
Property investors who have had real estate in Surfers Paradise, 4217 should be relatively pleased 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 5.73%
When looking at the potential capital gains offered to property investors over the last 3 years, Surfers Paradise comes in at number 185th in QLD.
At number 80th of QLD’s most discounted properties, Surfers Paradise is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 0.04%, investors should hope to achieve an overall return of 5.23%