The landlord’s guide to tenancy databases
What are tenancy databases and why should you use them as a landlord? ...
MIRANI, 4754 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 $335,000.
Profits due to an upward trend in home prices in the suburb averaged 5.85% per annum over a 3-year period.
MIRANI now ranks at the 80th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $390 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MIRANI, homes and units usually stay on listing for an average of 79.5 days.
In 2016, 21 properties were sold in MIRANI during the past year, making it the 532nd most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $335,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.06% | N/A |
| Median 12 month | -2.9% | N/A |
| Median 3 years | 17.54% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 2.2% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 79.5 days | N/A |
| Gross Rental Yield Percent | 6.05% | N/A |
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