Bargains set to hit the market in wake of royal commission
New research has determined two-thirds of property experts believe the current banking royal commission will bring down property prices thro...
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 $160,000
Profits averaged -11.11% 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 $270 based on current median home prices for the suburb.
The gross rental yield in LONGREACH, 4730 is 8.78%.
An average of 1.75 real estate transactions take place per month in LONGREACH which translates to 21 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $160,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -10.11% | N/A |
| Median 3 years | -33.33% | N/A |
| Median 5 years | -35.01% | N/A |
| 10 years average annual | -0.81% | N/A |
| Weekly media advert. rent | $270 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 8.78% | N/A |
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