Property value increases in Pacific Paradise have tracked just higher than the QLD average of 1.17% over the last 12 months.
While Pacific Paradise,4564 ranked number 320th in QLD for increase in median house value (annualised) increase, it is ranked 133th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Pacific Paradise is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 712th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $24180 per annum or $465 every week.
Information supplied by:
House growth cools
Median house price: $435,000
Three-year growth: 14.5%
Rental yield: 5.4%
As a part of the Maroochydore urban centre, Pacific Paradise is clearly benefiting from its neighbour’s abundance of amenities.
House prices in this suburb have been experiencing growth over the past five years, although this growth has slowed to just 1.8% in the 12 months leading up to November 2017. The median value is at $435,000, a reasonable price considering its location as part of the Sunshine Coast. Yields are also strong at an average of 5.4%.
Pacific Paradise sits on the banks of the Maroochy River, and is only 6km from the Maroochydore CBD. Thus, residents have access to a surf beach and a long stretch of parkland. The Sunshine Plaza shopping centre is close by, as is a major bus interchange of the Sunshine Coast.