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Property investors have seen a 0.2% gain in NARANGBA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NARANGBA, 4504 saw average growth in the long term.
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 $500,999
Profits averaged 2.2% per annum over a 3-year period, due to an upward trend in home prices in NARANGBA, 4504.
This means, real estate investors could earn a rental income of $425 based on current median home prices for the suburb.
The gross rental yield in NARANGBA, 4504 is 4.41%.
An average of 32 real estate transactions take place per month in NARANGBA which translates to 384 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.73%||N/A|
|Median 3 years||6.6%||N/A|
|Median 5 years||10.96%||N/A|
|10 years average annual||1.61%||N/A|
|Weekly media advert. rent||$425||N/A|
|Time on Market||45.3 days||N/A|
|Gross Rental Yield Percent||4.41%||N/A|