Property investors have seen a 32.86% gain in MITCHELL based on an increase 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 $141,500
Profits averaged -3.39% per annum over a 3-year period, due to an downward trend in home prices in MITCHELL, 4465.
This means, real estate investors could earn a rental income of $235 based on current median home prices for the suburb.
The gross rental yield in MITCHELL, 4465 is 8.64%.
An average of 0.83 real estate transactions take place per month in MITCHELL which translates to 10 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||-10.16%||N/A|
|Median 5 years||13.2%||N/A|
|10 years average annual||N/A||N/A|
|Weekly media advert. rent||$235||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||8.64%||N/A|