Property investors have seen a -2.13% 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 $460,000
Profits averaged 2.28% 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 4.75%.
An average of 34.83 real estate transactions take place per month in NARANGBA which translates to 418 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.1%||-10.95%|
|Median 3 years||6.85%||-8.96%|
|Median 5 years||12.47%||-11.59%|
|10 years average annual||2.32%||-2.26%|
|Weekly media advert. rent||$420||$355|
|Time on Market||61.1 days||0.0 days|
|Gross Rental Yield Percent||4.75%||6.05%|