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Property investors have seen a 4.65% 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 $544,200
Profits averaged 4.07% 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 $440 based on current median home prices for the suburb.
The gross rental yield in NARANGBA, 4504 is 4.2%.
An average of 38.33 real estate transactions take place per month in NARANGBA which translates to 460 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.94%||N/A|
|Median 3 years||12.21%||N/A|
|Median 5 years||20.67%||N/A|
|10 years average annual||2.89%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||29.0 days||N/A|
|Gross Rental Yield Percent||4.2%||N/A|