Surfers Paradise has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 10.06% to date .
The five-year average increase in median property values for Surfers Paradise,4217 has given property investors a potential capital gain of -9.15% across each of those five years.
At number 102th of QLD’s most discounted properties, Surfers Paradise is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $7200 per annum or $600 every week.
With a capital gain of 3.94% for the last 12 months, Surfers Paradise, 4217 has performed for property investments than its average annual 0.39% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surfers Paradise has fallen somewhat when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Surfers Paradise itself are offering an average vendor discount of -7.19% to real estate investors.
Residents and property investors in Surfers Paradise have been waiting around 95.01 days to sell a property.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 0.39%.