At number 3018th in the list of Australian suburbs ordered by increase in median house value over the last year, Pimpama, 4209 is in the BOTTOM 30% with a property value increase of -3.30% recorded in median house prices.
While Pimpama,4209 ranked number 790th in QLD for increase in median house value (annualised) increase, it is ranked 518th over the last 5 years.
Our latest figures would indicate that property sellers in Pimpama are currently offering property investors an average price cut of -5.55% below the asking price at the moment.
Residents and property investors in Pimpama have been waiting around 95.316 days to sell a property.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 0.77%.
Over the last year, property investments in Pimpama, 4209 have given investors a capital gain of -8.52%. This compares very badly with the -0.33% for QLD as a whole.
While Pimpama,4209 ranked number 19th in QLD for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.
At number 116th of QLD’s most discounted properties, Pimpama is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Pimpama being $370000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 5.41%
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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.