Property investors have seen a -20.73% drop in LONGREACH based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LONGREACH, 4730 saw average decrease 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 $162,500
Profits averaged -9.78% 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 $250 based on current median home prices for the suburb.
The gross rental yield in LONGREACH, 4730 is 8%.
An average of 2.5 real estate transactions take place per month in LONGREACH which translates to 30 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-26.14%||N/A|
|Median 3 years||-29.35%||N/A|
|Median 5 years||-30.56%||N/A|
|10 years average annual||2.22%||N/A|
|Weekly media advert. rent||$250||N/A|
|Time on Market||126.1 days||N/A|
|Gross Rental Yield Percent||8%||N/A|