With a capital gain of 1.76% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual 1.86% property growth over the last 5 years.
Comparing Marsden,4132 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Marsden 4132 should be seeing an average reduction in asking price of around -6.81% . This means that Marsden is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 12.00 sales per month, which equates to 144 per year.
Giving property investors a a poor capital gain of -10.19% for the last year, Marsden, 4132 is the 1217th highest performer in Australia in this respect.
The five-year average increase in median property values for Marsden,4132 has given property investors a potential capital gain of -27.03% across each of those five years.
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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.