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Property investors have seen a 22.03% gain in LONGREACH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LONGREACH, 4730 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 $180,000
Profits averaged -3.33% per annum over a 3-year period, due to an downward trend in home prices in LONGREACH, 4730.
This means, real estate investors could earn a rental income of $275 based on current median home prices for the suburb.
The gross rental yield in LONGREACH, 4730 is 7.94%.
An average of 2.58 real estate transactions take place per month in LONGREACH which translates to 31 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $180,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 22.03% | N/A |
| Median 12 month | 5.88% | N/A |
| Median 3 years | -10% | N/A |
| Median 5 years | -28.71% | N/A |
| 10 years average annual | -2.36% | N/A |
| Weekly media advert. rent | $275 | N/A |
| Time on Market | 129.8 days | N/A |
| Gross Rental Yield Percent | 7.94% | N/A |
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