Property investors have seen a -2% drop in MILES based on a decrease in median home prices for the past three months.
the QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $122,500
This means, real estate investors could earn a rental income of $200 based on current median home prices for the suburb.
The gross rental yield in MILES, 4415 is 8.49%.
An average of 2.58 real estate transactions take place per month in MILES which translates to 31 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||N/A||N/A|
|Weekly media advert. rent||$200||N/A|
|Time on Market||135.8 days||N/A|
|Gross Rental Yield Percent||8.49%||N/A|