Property investors who have had real estate in Pacific Paradise, 4564 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.41%
Over the longer term, Pacific Paradise has seen property prices show investors a 16.25% return over the last 3 years. This is worse than over the last 12 months
Pacific Paradise, 4564 is offering QLD ‘s 821th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.
Pacific Paradise is 230th on a list of best yielding suburbs for rents in QLD with a 5.14% return
Investment property in Pacific Paradise has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.51%
Across a shorter period, Pacific Paradise, 4564 has seen a median price increase of -0.74% over the last quarter.
Property buyers and investors in Pacific Paradise 4564 should be seeing an average reduction in asking price of around -2.80% . This means that Pacific Paradise is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Pacific Paradise the average time real estate has been on the market is 87.88 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.43%, without taking into account capital value appreciation, which has been averaging out at 3.43%.
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