With a capital gain of 4.66% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual 1.50% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Marsden,4132 has racked up an average of 4.66% over the period. This ranks it number 3666th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Marsden, 4132. Typically our figures indicate that -5.07% is being offered, which puts this QLD suburb at 790th most discounted overall in Australia.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
Over the last year, property investments in Marsden, 4132 have given investors a capital gain of 7.29%. This compares averagely with the 8.71% for QLD as a whole.
Comparing Marsden,4132 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Marsden itself are offering an average vendor discount of -4.90% to real estate investors.
The QLD suburb of Marsden, 4132 is in the Logan (C) local government area.
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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.