Longreach

POSTAL CODE: QLD, 4730

HOUSE

Property investors have seen a 6.06% gain in LONGREACH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on LONGREACH, 4730 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 40%.

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 $350,000

Profits averaged 21.33% per annum over a 3-year period, due to an upward trend in home prices in LONGREACH, 4730.

This means, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.

The gross rental yield in LONGREACH, 4730 is 5.57%.

An average of 4.75 real estate transactions take place per month in LONGREACH which translates to 57 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$350,000	N/A
Growth Report
Median Quarterly	6.06%	N/A
Median 12 month	40%	N/A
Median 3 years	64.71%	N/A
Median 5 years	68.67%	N/A
10 years average annual	7.64%	N/A
Weekly media advert. rent	$375	N/A
Time on Market	63.4 days	N/A
Gross Rental Yield Percent	5.57%	N/A

Demographics (Median Values)*

Total Population 3395

Weekly Household Income 1025

Household Size 2.50

Average Age 33

Monthly Loan Repayment 910

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

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