Property investors have seen a 2.52% 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 $468,500
Profits averaged 2.98% 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 4.66%.
An average of 34.92 real estate transactions take place per month in NARANGBA which translates to 419 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.65%||N/A|
|Median 3 years||8.95%||N/A|
|Median 5 years||14.27%||N/A|
|10 years average annual||2.79%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||67.0 days||N/A|
|Gross Rental Yield Percent||4.66%||N/A|