Over the last year, property investments in Surf Beach, 3922 have given investors a capital gain of 0.92%. This compares very badly with the 11.41% for VIC as a whole.
If we look at median property appreciation over just the last three months, Surf Beach has given property investors a paper return of 0.52%. This puts Suburb as 506 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Surf Beach is $390000, with sellers offering an average of -4.33% off the asking price.
Often selling an investment property can take time, and in Surf Beach the average time real estate has been on the market is 74.09 days.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 4.95%.