Pelican Waters, 4551 ranked 627th in QLD when comparing growth in median property values or capital gain over the last 12 months. Pelican Waters is one of 2415 in our list for QLD
Taking the average capital gain, or increase in median house value, Pelican Waters,4551 has racked up an average of -1.49% over the period. This ranks it number 2701th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Pelican Waters should be aiming for at least -4.52% off the asking price, which is the average vendor discount being achieved at the moment.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 2.31%.
Pelican Waters is in the bottom 20% in QLD when comparing median price capital growth over the last year. Pelican Waters gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.87%.
While Pelican Waters,4551 ranked number 255th in QLD for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.
The most recent median price for Pelican Waters is $468000, with sellers offering an average of -7.33% off the asking price.
In the last year 65 properties changed hands in Pelican Waters, which puts it as the 142th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.