Property investors who have had real estate in Southport, 4215 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.61%
Taking the average capital gain, or increase in median house value, Southport,4215 has racked up an average of 10.61% over the period. This ranks it number 1671th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Southport is $610000, with sellers offering an average of -7.61% off the asking price.
Southport is in the bottom 40% in QLD when comparing median price capital growth over the last year. Southport gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.25%.
The five-year average increase in median property values for Southport,4215 has given property investors a potential capital gain of 27.67% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Southport is offering property investors an average of -5.73. This rate of discount on properties puts Suburb at number 87th in terms of most discounted suburbs in QLD
In the last year 760 properties changed hands in Southport, which puts it as the 2nd most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Southport being $383000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.16%