At number 1394th in the list of Australian suburbs ordered by increase in median house value over the last year, Tugun, 4224 is in the top 40% with a property value increase of 1.77% recorded in median house prices.
The five-year average increase in median property values for Tugun,4224 has given property investors a potential capital gain of 34.01% across each of those five years.
Our latest figures would indicate that property sellers in Tugun are currently offering property investors an average price cut of -6.47% below the asking price at the moment.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.17%.
With a capital gain of -0.81% for the last 12 months, Tugun, 4224 has performed for property investments than its average annual 1.09% property growth over the last 5 years.
While Tugun,4224 ranked number 193th in QLD for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.
Tugun4224 is located in QLD which offers an average discount of -6.43% to property investors. Tugun itself is showing figures that indicate -5.37% is the average achievable by property buyers investing in the suburb.
In the last year 119 properties changed hands in Tugun, which puts it as the 40th most active market in QLD when comparing the number of sales per suburb.
Situated 88.16km from the CBD, Tugun is one of Gold Coast (C) localities in the postcode 4224.