Property investors who have had real estate in Surfers Paradise, 4217 should be 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 19.16%
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 increased when compared to the 5 year average annual rate.
The most recent median price for Surfers Paradise is $1340000, with sellers offering an average of -11.35% off the asking price.
On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.
Advertised rents are around the $600 mark per week – giving a return of 2.33% based on the median price in Suburb
Over the last year, property investments in Surfers Paradise, 4217 have given investors a capital gain of 2.01%. This compares averagely with the 1.67% for QLD as a whole.
While Surfers Paradise,4217 ranked number 144th in QLD for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.
Surfers Paradise, 4217 is offering QLD ‘s 56th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Situated 67.51km from the CBD, Surfers Paradise is one of Gold Coast localities in the postcode 4217.