QLD has seen average median house prices change by 12.16% which means that Surfers Paradise, 4217 has done well for property investors by showing a capital gain of 1.50% over the last year
Taking the average capital gain, or increase in median house value, Surfers Paradise,4217 has racked up an average of 1.50% over the period. This ranks it number 1156th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Surfers Paradise is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 93th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $38480 per annum or $740 every week.
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 9.37%.
While Surfers Paradise,4217 ranked number 225th in QLD for increase in median house value (annualised) increase, it is ranked 86th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Surfers Paradise itself are offering an average vendor discount of -5.62% to real estate investors.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.26%, without taking into account capital value appreciation, which has been averaging out at 1.13%.