Property value increases in Southport have tracked higher than the QLD average of 2.63% over the last 12 months.
Taking the average capital gain, or increase in median house value, Southport,4215 has racked up an average of 10.20% over the period. This ranks it number 1531th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Southport is offering property investors an average of -6.63. This rate of discount on properties puts Suburb at number 209th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Southport the average time real estate has been on the market is 77.05 days.
Southport is 535th on a list of best yielding suburbs for rents in QLD with a 4.13% return
Southport, 4215 ranked 247th in QLD when comparing growth in median property values or capital gain over the last 12 months. Southport is one of 2415 in our list for QLD
Comparing Southport,4215 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Southport 4215 should be seeing an average reduction in asking price of around -6.03% . This means that Southport is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Southport being $385000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.13%