Property value increases in Surfers Paradise have tracked close to the QLD average of 1.66% over the last 12 months.
Comparing Surfers Paradise,4217 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.74% offered to property buyers. Sellers in Surfers Paradise itself are offering an average vendor discount of -7.52% to real estate investors.
Using the current median advertised rental of $820 and the average annual increase in value of a median property of 0.19%, investors should hope to achieve an overall return of 3.31%
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 0.60%.
If we look at median property appreciation over just the last three months, Surfers Paradise has given property investors a paper return of 1.41%. This puts Suburb as 110 on a list of fastest fasting appreciating suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Surfers Paradise, 4217. Typically our figures indicate that -7.59% is being offered, which puts this QLD suburb at 178th most discounted overall in Australia.
With the median price for a house in Surfers Paradise being $377250 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.79%