If you compare the increase in value of investment property in Pelican Waters, 4551 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.95%.
When looking at the potential capital gains offered to property investors over the last 3 years, Pelican Waters comes in at number 480th in QLD.
Our latest figures would indicate that property sellers in Pelican Waters are currently offering property investors an average price cut of -4.41% below the asking price at the moment.
A $582.5 per week rent on the median house gives suburb investors a gross yield of circa 4.55%, without taking into account capital value appreciation, which has been averaging out at 2.17%.
Property value increases in Pelican Waters have tracked just lower than the QLD average of 0.74% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pelican Waters has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.77% to buyers in Pelican Waters at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 0.86%, investors should hope to achieve an overall return of 4.37%