Property investors enjoyed capital gains of 10.2% over the last 12 months in NORTH MACKAY, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH MACKAY are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
On average, rents on listings have reached the $290 mark, reflecting a 5.59% increase in returns based on the current median price in NORTH MACKAY.
NORTH MACKAY, 4740 ranks 132nd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 121st on the list of best yielding suburbs for rental properties in QLD, posting a 5.59% return.
Property investors have seen a 7% gain in NORTH MACKAY based on an increase in median home prices for the past three months.
NORTH MACKAY, 4740 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 $133,750.
This number can mean, real estate investors could earn a rental income of $217.5 based on current median home prices for the suburb.
The gross rental yield in NORTH MACKAY, 4740 is 8.46%.
An average of 1 real estate transactions take place per month in NORTH MACKAY which translates to 12 per annum.
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