Pacific Paradise, 4564 ranked 374th in QLD when comparing growth in median property values or capital gain over the last 12 months. Pacific Paradise is one of 2415 in our list for QLD
Pacific Paradise,4564 was ranked 2030 in Australia by increase in median property value over the quarter.
The most recent median price for Pacific Paradise is $462500, with sellers offering an average of -3.28% off the asking price.
Pacific Paradise, 4564’s gross rental yield is 5.09%
Property value increases in Pacific Paradise have tracked higher than the QLD average of -0.66% over the last 12 months.
A 43.67% growth in median value for property investors in Pacific Paradise,4564 puts this suburb at number 36th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Pacific Paradise are currently offering property investors an average price cut of -2.24% below the asking price at the moment.
Often selling an investment property can take time, and in Pacific Paradise the average time real estate has been on the market is 124.5 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 2.77%.
As a part of the Maroochydore urban centre, Pacific Paradise is clearly benefiting from its neighbour’s abundance of amenitiesFull summary
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House growth cools
Median house price: $435,000
Three-year growth: 14.5%
Rental yield: 5.4%
As a part of the Maroochydore urban centre, Pacific Paradise is clearly benefiting from its neighbour’s abundance of amenities.
House prices in this suburb have been experiencing growth over the past five years, although this growth has slowed to just 1.8% in the 12 months leading up to November 2017. The median value is at $435,000, a reasonable price considering its location as part of the Sunshine Coast. Yields are also strong at an average of 5.4%.
Pacific Paradise sits on the banks of the Maroochy River, and is only 6km from the Maroochydore CBD. Thus, residents have access to a surf beach and a long stretch of parkland. The Sunshine Plaza shopping centre is close by, as is a major bus interchange of the Sunshine Coast.Close