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NarangbaNarangba - SUBURB PROFILE REPORT
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Property investors have seen a 6.78% gain in NARANGBA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NARANGBA, 4504 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 26%.
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 $630,000
Profits averaged 9.66% 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 $460 based on current median home prices for the suburb.
The gross rental yield in NARANGBA, 4504 is 3.8%.
An average of 43.58 real estate transactions take place per month in NARANGBA which translates to 523 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $398,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.78% | -0.25% |
| Median 12 month | 26% | N/A |
| Median 3 years | 28.97% | N/A |
| Median 5 years | 41.57% | 13.71% |
| 10 years average annual | 4.9% | 3.08% |
| Weekly media advert. rent | $460 | $395 |
| Time on Market | 23.4 days | 0.0 days |
| Gross Rental Yield Percent | 3.8% | 5.16% |
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