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11 MIN READProperty Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
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MareebaMareeba - SUBURB PROFILE REPORT
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Property investors have seen a -0.07% drop in MAREEBA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MAREEBA, 4880 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 $365,000
Profits averaged 4.39% per annum over a 3-year period, due to an upward trend in home prices in MAREEBA, 4880.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in MAREEBA, 4880 is 5.13%.
An average of 20.58 real estate transactions take place per month in MAREEBA which translates to 247 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $365,000 | $257,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.07% | N/A |
| Median 12 month | 5.87% | N/A |
| Median 3 years | 13.18% | N/A |
| Median 5 years | 17.36% | 9.36% |
| 10 years average annual | 2.53% | N/A |
| Weekly media advert. rent | $360 | $285 |
| Time on Market | 69.2 days | 0.0 days |
| Gross Rental Yield Percent | 5.13% | 5.77% |
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