Property value increases in Mudjimba have tracked higher than the QLD average of 2.45% over the last 12 months.
While Mudjimba,4564 ranked number 23th in QLD for increase in median house value (annualised) increase, it is ranked 52th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Mudjimba itself are offering an average vendor discount of -3.92% to real estate investors.
Renters in Suburb are facing rents around $5940 per annum or $495 every week.
Giving property investors a an unimpressive capital gain of -2.64% for the last year, Mudjimba, 4564 is the 1301th highest performer in Australia in this respect.
Comparing Mudjimba,4564 ‘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 Mudjimba should be aiming for at least -2.19% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 1.03%, investors should hope to achieve an overall return of 5.28%