Over the last year, property investments in Pacific Paradise, 4564 have given investors a capital gain of 5.38%. This compares favourably with the 0.78% for QLD as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Pacific Paradise comes in at number 191th in QLD.
Vendor discounting in Pacific Paradise is giving property investors an average Vendor Discount of around -3.03%. This puts suburb at number 701th in QLD when ranking the most discounted suburbs.
Property investors should expect to get $455 weekly from the median priced house in this suburb.
At number 477th in the list of Australian suburbs ordered by increase in median house value over the last year, Pacific Paradise, 4564 is in the top 40% with a property value increase of 2.05% recorded in median house prices.
Pacific Paradise,4564 was ranked 411 in Australia by increase in median property value over the quarter.
Pacific Paradise is 213th on a list of best yielding suburbs for rents in QLD with a 5.17% return
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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.