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1 MIN READREIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
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LongreachLongreach - SUBURB PROFILE REPORT
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Property investors have seen a -6.63% 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 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 $193,750
Profits averaged 5.81% 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 $270 based on current median home prices for the suburb.
The gross rental yield in LONGREACH, 4730 is 7.25%.
An average of 6.83 real estate transactions take place per month in LONGREACH which translates to 82 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $193,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.63% | N/A |
| Median 12 month | -7.74% | N/A |
| Median 3 years | 17.42% | N/A |
| Median 5 years | 5.44% | N/A |
| 10 years average annual | -0.78% | N/A |
| Weekly media advert. rent | $270 | N/A |
| Time on Market | 116.6 days | N/A |
| Gross Rental Yield Percent | 7.25% | N/A |
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