At number 1302th in the list of Australian suburbs ordered by increase in median house value over the last year, Currumbin Waters, 4223 is in the top 40% with a property value increase of 12.08% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Currumbin Waters has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Currumbin Waters should be aiming for at least -3.16% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 137 properties changed hands in Currumbin Waters, which puts it as the 150th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 3.87%, investors should hope to achieve an overall return of 4.77%
Currumbin Waters has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.11% to date .
A 34.45% growth in median value for property investors in Currumbin Waters,4223 puts this suburb at number 21th in terms of best performing suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Currumbin Waters, 4223. Typically our figures indicate that -3.51% is being offered, which puts this QLD suburb at 1143th most discounted overall in Australia.
Often selling an investment property can take time, and in Currumbin Waters the average time real estate has been on the market is 51.4 days.
With the median price for a house in Currumbin Waters being $400000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.85%