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 9.79% to date .
The five-year average increase in median property values for Currumbin Waters,4223 has given property investors a potential capital gain of 42.54% across each of those five years.
Property buyers and investors in Currumbin Waters 4223 should be seeing an average reduction in asking price of around -3.75% . This means that Currumbin Waters is holding prices well when compared to other suburbs in QLD.
Investment property in Currumbin Waters has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.08%
While Currumbin Waters,4223 ranked number 274th in QLD for increase in median house value (annualised) increase, it is ranked 76th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Currumbin Waters is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 291th in terms of most discounted suburbs in QLD
In the last year 80 properties changed hands in Currumbin Waters, which puts it as the 124th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.27%, investors should hope to achieve an overall return of 6.59%