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 $739,000.
The upward trend in home prices in MUDJIMBA, 4564 averaged 10.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $515 mark, reflecting a 3.62% increase in returns based on the current median price in MUDJIMBA.
An average of 3.17 real estate transactions take place per month in MUDJIMBA which translates to 38 per annum.
38 properties were sold in MUDJIMBA in 2016, making it the 318th most active market in QLD based on total real estate transactions.
MUDJIMBA, 4564 places 407th in Australia based on median property value growth during the quarter.
The 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 $441,500.
Average median unit prices in QLD have risen as a whole, pulling MUDJIMBA, 4564 values up and netting property investors a capital gain of 3.27% for the past year.
Investors saw the median home price rise to $441,500.
The upward trend in home prices in MUDJIMBA, 4564 averaged 6.39% per annum over a 3-year period.
MUDJIMBA now ranks at the 106th 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 $440 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 80.7 days.
38 properties were sold in MUDJIMBA in 2016, making it the 128th most active market in QLD based on total real estate transactions.
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