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 0.37%.
Across a shorter period, Surfers Paradise, 4217 has seen a median price increase of 4.97% over the last quarter.
Our latest figures would indicate that property sellers in Surfers Paradise are currently offering property investors an average price cut of -11.09% below the asking price at the moment.
In the last year 115 properties changed hands in Surfers Paradise, which puts it as the 157th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $700 mark per week – giving a return of 2.96% based on the median price in Suburb
Surfers Paradise has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.21% to date .
While Surfers Paradise,4217 ranked number 265th in QLD for increase in median house value (annualised) increase, it is ranked 145th over the last 5 years.
Property investors looking for a bargain in Surfers Paradise should be aiming for at least -8.59% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 98.25 sales per month, which equates to 1179 per year.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.