Property value increases in Southport have tracked just higher than the QLD average of 12.16% over the last 12 months.
A 27.32% growth in median value for property investors in Southport,4215 puts this suburb at number 280th in terms of best performing suburbs in QLD
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Southport itself are offering an average vendor discount of -5.06% to real estate investors.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.80%, without taking into account capital value appreciation, which has been averaging out at 4.92%.
QLD has seen average median house prices change by 8.71% which means that Southport, 4215 has done well for property investors by showing a capital gain of 8.00% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Southport comes in at number 192th in QLD.
LACK OF BUYER INTEREST may well be the reason that Southport is offering property investors an average of -4.64. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in QLD
Situated 67.33km from the CBD, Southport is one of Gold Coast (C) localities in the postcode 4215.