Property investors have seen a -1.68% drop in SHELLY BEACH based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SHELLY BEACH, 4551 saw average growth in the long term.
The QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $880,000
Profits averaged 4.15% per annum over a 3-year period, due to an upward trend in home prices in SHELLY BEACH, 4551.
This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
The gross rental yield in SHELLY BEACH, 4551 is 3.25%.
An average of 1.58 real estate transactions take place per month in SHELLY BEACH which translates to 19 per annum.
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