Property value increases in Pimpama have tracked just lower than the QLD average of 12.16% over the last 12 months.
Across a shorter period, Pimpama, 4209 has seen a median price increase of 4.17% over the last quarter.
Property investors looking for a bargain in Pimpama should be aiming for at least -3.59% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Pimpama have been waiting around 46.7086 days to sell a property.
Advertised rents are around the $450 mark per week – giving a return of 4.68% based on the median price in Suburb
Pimpama is an average performer in QLD when comparing median price capital growth over the last year. Pimpama gave property investors a good capital gain figure when compared to the rest of the state, with 12.86%.
Over the longer term, Pimpama has seen property prices show investors a -0.85% return over the last 3 years. This is an improvement over the last 12 months
Pimpama, 4209 is offering QLD ‘s 202th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.
Residents and property investors in Pimpama have been waiting around 41.6923 days to sell a property.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
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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.