Over the last year, property investments in Surfers Paradise, 4217 have given investors a capital gain of 3.85%. This compares averagely with the 2.46% for QLD as a whole.
Surfers Paradise,4217 was ranked 2647 in Australia by increase in median property value over the quarter.
Surfers Paradise, 4217 is offering QLD ‘s 109th 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.
A $737.5 per week rent on the median house gives suburb investors a gross yield of circa 2.84%, without taking into account capital value appreciation, which has been averaging out at -0.42%.
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 4.11%
Comparing Surfers Paradise,4217 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Surfers Paradise should be aiming for at least -6.74% off the asking price, which is the average vendor discount being achieved at the moment.
At number 996 in a list of fastest selling suburbs, Surfers Paradise is in the bottom 40% of suburbs in Australia with an average of days on market 89.38 for properties listed there.
Situated 71.01km from the CBD, Surfers Paradise is one of Gold Coast localities in the postcode 4217.