Mudgeeraba has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 19.34% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mudgeeraba has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Mudgeeraba are currently offering property investors an average price cut of -4.34% below the asking price at the moment.
Advertised rents are around the $600 mark per week – giving a return of 4.23% based on the median price in Suburb
Mudgeeraba has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.04% to date .
The five-year average increase in median property values for Mudgeeraba,4213 has given property investors a potential capital gain of 22.12% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Mudgeeraba is offering property investors an average of -4.64. This rate of discount on properties puts Suburb at number 206th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $25480 per annum or $490 every week.
Information supplied by:
House supply drops in classic suburb
Median house price: $580,000
Stock on market: -24.4%
12-month growth: 8.4%
Bursting with old-world beauty, the suburb of Mudgeeraba is a gem on the Gold Coast Hinterland. Believed by many to have been built around the Wallaby Hotel, which was once known as Mudgeeraba Hotel in 1884, this suburb has capitalised on its historical charm and reputation as a food hub.
The village boasts a strong commercial scene – the local farmers’ markets are regarded as the oldest in the Gold Coast region and offers produce, coffee, cheese and wine, among other food products. Restaurants, cafes and art galleries enhance the quaint atmosphere.
Mudgeeraba is mainly composed of housing stock, which fell in the 12 months leading up to July 2017. This has led to vacancies tightening even more and house values increasing by around 8%.