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Longreach
AREA REPORTS

Longreach

Longreach - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4730

house

Property investors have seen a 1.99% 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 13.89%.

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 $205,000

Profits averaged 0.83% 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 $260 based on current median home prices for the suburb.

The gross rental yield in LONGREACH, 4730 is 6.6%.

An average of 7.25 real estate transactions take place per month in LONGREACH which translates to 87 per annum.

Data report can be found below

Longreach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $205,000 N/A
GROWTH REPORT
Median Quarterly 1.99% N/A
Median 12 month 13.89% N/A
Median 3 years 2.5% N/A
Median 5 years 5.13% N/A
10 years average annual -1.21% N/A
Weekly media advert. rent $260 N/A
Time on Market 116.6 days N/A
Gross Rental Yield Percent 6.6% N/A
demographics (median values)*
Total Population
3395
Weekly Household Income
1025
Household Size
2.50
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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