Property 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...
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 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%|