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Property investors have seen a -4.29% 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 $167,500
Profits averaged -3.4% 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 $262.5 based on current median home prices for the suburb.
The gross rental yield in LONGREACH, 4730 is 8.15%.
An average of 3.33 real estate transactions take place per month in LONGREACH which translates to 40 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $167,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.29% | N/A |
| Median 12 month | -16.25% | N/A |
| Median 3 years | -10.19% | N/A |
| Median 5 years | -25.56% | N/A |
| 10 years average annual | -3.19% | N/A |
| Weekly media advert. rent | $262.5 | N/A |
| Time on Market | 132.7 days | N/A |
| Gross Rental Yield Percent | 8.15% | N/A |
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