Vacancy rates hold steady
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Property investors have seen a -0.2% drop in NARANGBA based on a decrease 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 $489,000
Profits averaged 2.57% 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 $420 based on current median home prices for the suburb.
The gross rental yield in NARANGBA, 4504 is 4.47%.
An average of 29.33 real estate transactions take place per month in NARANGBA which translates to 352 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $489,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.2% | N/A |
| Median 12 month | -1.01% | N/A |
| Median 3 years | 7.71% | N/A |
| Median 5 years | 11.14% | N/A |
| 10 years average annual | 1% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 73.0 days | N/A |
| Gross Rental Yield Percent | 4.47% | N/A |
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