Investment property in Sunrise Beach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.25%
Comparing Sunrise Beach,4567 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Sunrise Beach is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 552th in terms of most discounted suburbs in QLD
Situated 117.06km from the CBD, Sunrise Beach is one of Noosa (S) localities in the postcode 4567.
If you compare the increase in value of investment property in Sunrise Beach, 4567 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 32.25%.
Sunrise Beach,4567 was ranked 417 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Sunrise Beach should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Sunrise Beach have been waiting around 50.381 days to sell a property.
Sunrise Beach, 4567’s gross rental yield is 3.91%
Information supplied by:
Good for the short and long term
Median unit price: $830,000
Three-year growth: 36.1%
Rental yield: 3.4%
Sunrise Beach is an instant hit among residents and holidaymakers, if only for its proximity to the famous Hastings Street in Noosa.
Unlike its trendy neighbour, Sunrise Beach has a much more relaxed vibe. The beach is lined with beautiful golden sand, and the entire suburb is bordered by Noosa National Park. The area west of Sunrise Beach is a haven of wineries, markets offering fresh produce and lovely views of the water.
The suburb’s popularity is clearly reflected in its astonishing value growth. The house market has been recording price increases in the double digits since 2013, with the median value hovering around $800,000. These properties take a while to sell, however, at 90 days on the market. The weekly rent rate comes in at less than $550 on average, and landlords are able to reap good yields.