RP Data: Surfers Paradise Units Outsell Sydney
Those interested in selling Surfers Paradise property could be in luck, as the latest statistics from RP Data have indicated that buyers are purchasing more units in Surfers Paradise than in Sydney.
In fact, units in the Queensland city are selling at a rate of 3.19 per day – more than double the rate in Sydney. This could present a fantastic opportunity for those looking into selling their lifestyle properties in Surfers Paradise to earn a decent return on their investment.
Over the 12 months to the end of January, 1,167 units were sold in Surfers Paradise. This is compared to just 526 in Sydney. However, out of all regions in Australia, Melbourne came out on top – with a huge 1,185 units swapping hands in the Victoria capital.
Alongside this great result for Surfers Paradise, prices have been stabilising in the region over the last 12 months, highlighting the increasing strength of the Queensland market as a whole.
Furthermore, according to a February 13 article from Your Investment Property, the current median price for a Surfers Paradise unit is resting at $351,780, with an average rental yield amount of around 6 per cent.