Property value increases in Arundel have tracked just lower than the QLD average of 0.78% over the last 12 months.
If we look at median property appreciation over just the last three months, Arundel has given property investors a paper return of -0.36%. This puts Suburb as 480 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -6.02% to buyers in Arundel at the moment, which is less than average for the rest of QLD.
At number 1737 in a list of fastest selling suburbs, Arundel is just in the top half of suburbs in Australia with an average of days on market 75.7863 for properties listed there.
A $540 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 2.18%.
Property value increases in Arundel have tracked higher than the QLD average of -0.57% over the last 12 months.
Over the longer term, Arundel has seen property prices show investors a 9.12% return over the last 3 years. This is an improvement over the last 12 months
At number 90th of QLD’s most discounted properties, Arundel is in the bottom 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.
Using the current median advertised rental of $412.5 and the average annual increase in value of a median property of 1.58%, investors should hope to achieve an overall return of 5.88%