Marsden is an average performer in QLD when comparing median price capital growth over the last year. Marsden gave property investors a average capital gain figure when compared to the rest of the state, with 1.01%.
Marsden,4132 was ranked 2090 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Marsden are currently offering property investors an average price cut of -7.52% below the asking price at the moment.
Situated 23.98km from the CBD, Marsden is one of Logan (C) localities in the postcode 4132.
With a capital gain of -10.00% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual -3.70% property growth over the last 5 years.
While Marsden,4132 ranked number 250th in QLD for increase in median house value (annualised) increase, it is ranked 303th over the last 5 years.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 7.33%, without taking into account capital value appreciation, which has been averaging out at -3.70%.
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Josh Brown of PRDnationwide tips Marsden a great spot to pick up a discounted asset while buyers hold the upper hand. Sales activity has hit decade lows and the median price is beginning to taper off, he says, so it’s definitely a long-term play in terms of capital growth. In the meantime however, yields are strong and affordability is high.
It’s an area that Hot Property Specialists’ Liz Wilcox has been doing a lot of buying in on behalf of her clients, and she notes that it’s one of Brisbane’s best areas for rental growth.
She adds however that it’s an area that still offers affordable rents to young families, and that it’s this demographic that investors will be looking to rent their property to.
“It’s worth targeting larger properties for the family market,” she says. “A four-bedroom, two-bathroom house will rent for $360 to $400.”
She advises that Marsden is an area where investors would do well to target newer houses that are under 10 years old, noting that they’ll have less maintenance issues than older properties and will attract the kind of tenant who will look after the property.
With this in mind, she suggests looking at First Avenue, Second Avenue and Third Avenue: all of which run north to south from Browns Plain Road up towards the Logan Motorway.
“There used to be big blocks there, but there are now a lot of newer homes,” she explains.
Other than its proximity to the Logan motorway, Marsden scores well on the transport front thanks to its proximity to Loganlea station which is around a 3km journey away and provides express trains to Brisbane and the Gold Coast.