Regional town remains resilient despite COVID-19
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Property investors enjoyed capital gains of 21.95% over the last 12 months in MORANBAH, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a -1.43% decrease over a ten-year period. It ranks 4011th on our list of suburbs that property investors should look into.
MORANBAH, 4744 has a capital gain of 21.95% for the past year, which is higher than average compared to its 13.9% growth within a five-year period.
With the median home price in MORANBAH sitting at $250,000, and the average rent at $390, property owners could potentially earn a 8.11% increase in gross rental yield.
A 21.95% increase in median property prices in MORANBAH, 4744 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 34th.
Figures from the previous quarter show that capital gains for real estate buyers in MORANBAH are high, as opposed to average gains per annum over the past five years.
MORANBAH, 4744 in QLD belongs to the local government area of Isaac (R).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $250,000 | $250,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.38% | -1.96% |
| Median 12 month | 21.95% | N/A |
| Median 3 years | 56.25% | N/A |
| Median 5 years | 13.9% | N/A |
| 10 years average annual | -1.43% | -21.2% |
| Weekly media advert. rent | $390 | $420 |
| Time on Market | 138.7 days | 0.0 days |
| Gross Rental Yield Percent | 8.11% | 8.74% |
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