Mudjimba

POSTAL CODE: QLD, 4564

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The 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 $1,540,000.

The upward trend in home prices in MUDJIMBA, 4564 averaged 4.55% per annum over a 3-year period.

Average weekly rents on listings have reached the $900 mark, reflecting a 3.04% increase in returns based on the current median price in MUDJIMBA.

An average of 1.92 real estate transactions take place per month in MUDJIMBA which translates to 23 per annum.

23 properties were sold in MUDJIMBA in 2016, making it the 545th most active market in QLD based on total real estate transactions.

MUDJIMBA, 4564 places 754th in Australia based on median property value growth during the quarter.

The 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 $936,250.

Average median unit prices in QLD have risen as a whole, pulling MUDJIMBA, 4564 values up and netting property investors a capital gain of 9.18% for the past year.

Investors saw the median home price rise to $936,250.

The upward trend in home prices in MUDJIMBA, 4564 averaged 10.87% per annum over a 3-year period.

MUDJIMBA now ranks at the 135th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MUDJIMBA are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $850 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MUDJIMBA, homes and units usually stay on listing for an average of 37.6 days.

12 properties were sold in MUDJIMBA in 2016, making it the 387th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,540,000	$936,250
Growth Report
Median Quarterly	1.52%	6.09%
Median 12 month	6.21%	9.18%
Median 3 years	13.65%	32.61%
Median 5 years	75.5%	84.66%
10 years average annual	9.93%	9.57%
Weekly media advert. rent	$900	$850
Time on Market	56.6 days	37.6 days
Gross Rental Yield Percent	3.04%	4.72%

Demographics (Median Values)*

Total Population 1511

Weekly Household Income 924.4

Household Size 2.60

Average Age 35

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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