If you compare the increase in value of investment property in Surfers Paradise, 4217 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.89%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surfers Paradise has increased when compared to the 5 year average annual rate.
The most recent median price for Surfers Paradise is $1300000, with sellers offering an average of -9.91% off the asking price.
At number 3068 in a list of fastest selling suburbs, Surfers Paradise is in the bottom 20% of suburbs in Australia with an average of days on market 110.141 for properties listed there.
Surfers Paradise is 744th on a list of best yielding suburbs for rents in QLD with a 3.00% return
Surfers Paradise is an average performer in QLD when comparing median price capital growth over the last year. Surfers Paradise gave property investors a average capital gain figure when compared to the rest of the state, with -1.33%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surfers Paradise has increased when compared to the 5 year average annual rate.
Vendor discounting in Surfers Paradise is giving property investors an average Vendor Discount of around -8.30%. This puts suburb at number 29th in QLD when ranking the most discounted suburbs.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 0.07%.