Investment property in Pimpama 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 4.64%
When looking at the potential capital gains offered to property investors over the last 3 years, Pimpama comes in at number 334th in QLD.
Pimpama4209 is located in QLD which offers an average discount of -7.01% to property investors. Pimpama itself is showing figures that indicate -5.47% is the average achievable by property buyers investing in the suburb.
Property investors who have had real estate in Pimpama, 4209 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.37%
Across a shorter period, Pimpama, 4209 has seen a median price increase of -8.17% over the last quarter.
The most recent median price for Pimpama is $370000, with sellers offering an average of -8.84% off the asking price.
At number 1292 in a list of fastest selling suburbs, Pimpama is in the bottom 10% of suburbs in Australia with an average of days on market 146.5 for properties listed there.
Pimpama, 4209’s gross rental yield is 5.34%
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The northern Gold Coast suburb of Pimpama has seen growth come with its urbanisation. The unit market, in particular, has become popular in recent years. The high rental yield of 5.4% for apartments appeals to investors, in this central area that is considered the midway point between Brisbane and Surfers Paradise.
Following a slump in recent years, houses are beginning to recover and increase in value again, with the median price clocking in at $423,125. In terms of population growth, the Australian Bureau of Statistics reported that in the 2014-2015 period, Pimpama was the fastest-growing region in Queensland.
It helps that various convenient amenities have been established here, including many schools and sports facilities. Many plans are also in place to improve the shopping district.