Ooralea

POSTAL CODE: QLD, 4740

HOUSE

Based on its average 5-year and quarterly capital gains OORALEA, 4740 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that OORALEA, 4740 obtained a 5.45% growth over a ten-year period. It ranks 3016th on our list of suburbs that property investors should look into.

OORALEA, 4740 in QLD belongs to the local government area of Mackay.

OORALEA, 4740 has a capital gain of 12.63% for the past year, which is higher than average compared to its 54.06% growth within a five-year period.

With the median home price in OORALEA sitting at $706,750, and the average rent at $700, property owners could potentially earn a 5.15% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in OORALEA are low, as opposed to average gains per annum over the past five years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$706,750	N/A
Growth Report
Median Quarterly	1.33%	N/A
Median 12 month	12.63%	N/A
Median 3 years	37.23%	N/A
Median 5 years	54.06%	N/A
10 years average annual	5.45%	N/A
Weekly media advert. rent	$700	N/A
Time on Market	19.9 days	N/A
Gross Rental Yield Percent	5.15%	N/A

Demographics (Median Values)*

Total Population 1733

Weekly Household Income 1329

Household Size 2.80

Average Age 39

Monthly Loan Repayment 1291

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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